Russia may allow outside firms to maintain airliners amid sanctions, Tass says By Reuters

© Reuters. FILE PHOTO: Passenger planes owned by Russia’s airlines, including Aeroflot and Rossiya, are parked at Sheremetyevo International Airport in Moscow, Russia March 1, 2022. REUTERS/Marina Lystseva

OTTAWA (Reuters) – Russia could allow passenger airliners to be maintained by third-party firms in a bid to help its domestic carriers hit by sanctions over the invasion of Ukraine, Tass news agency said on Saturday.

Tass said the Russian transport ministry had drawn up a draft bill to help airlines until September 2022. It would also suspend all planned and unscheduled inspections of carriers, the Russian news agency reported.

Boeing (NYSE:) Co and Airbus SE (OTC:) – the world’s two largest aircraft manufacturers – have suspended the supply of components and services to Russian airlines, a move that will likely make it harder to maintain planes.

The bill would allow “the repair of aircraft and the replacement of components by third-party companies, as long as they meet the requirements for companies that are involved in maintenance,” Tass said. It did not give details.

Russian President Vladimir Putin earlier on Saturday said Moscow was in talks with aircraft leasing companies to resolve potential issues linked to sanctions.

Russia’s state aviation authority is recommending that domestic airlines with foreign-leased aircraft suspend passenger and cargo flights abroad from Russia from March 6 and from foreign countries to Russia starting on March 8 to prevent their possible seizure.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Be the first to comment

Leave a Reply

Your email address will not be published.


*