Russian Air Travel Could Disappear as Planes Aren’t Serviced
- Sanctions have blocked parts deliveries from Boeing and Airbus
- Jefferies says planes can fly well only for six months or year
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Russia’s commercial aircraft fleet could falter within months and risks being largely grounded in a few years as sanctions block essential spare parts from Boeing Co. and Airbus SE, according to Jefferies Group LLC.
“They’ll be able to fly for the next six months to a year fairly well, then parts start breaking and you’ll need replacements,” Jefferies analyst Sheila Kahyaoglu said during a conference call Tuesday on the implications of Russia’s invasion of Ukraine. “Then you’ll start getting into safety issues.”