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Owners Fear Planes ‘Are Gone Forever’ After Russia Shields Them From Seizure

  • Lessors have retrieved only a couple dozen of 500 aircraft
  • Repo man’s biggest fear: ‘These aeroplanes are gone forever’
Bloomberg business news
How Sanctions Are Impacting Russia's Entire Economy
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Aircraft owners are coming to grips with the loss of hundreds of Airbus SE and Boeing Co. jets that Russian carriers have effectively shielded from seizure behind a new incarnation of the Iron Curtain.

With the window just about closed, foreign leasing firms have succeeded in repossessing only about two dozen of the more than 500 aircraft rented to Russian carriers, according to Dean Gerber, general counsel for Valkyrie BTO Aviation. The planes in limbo have a market value of about $10.3 billion, aviation analytics firm Ishka estimates.