FlyingTypers Logo
Family Aid 2020
   Vol. 21 No. 18
Monday April 25, 2022

Russia's Grand Theft Airplane

Russia Airplane Grand Theft

     “War in Ukraine casts a shadow over the aviation recovery, and that is particularly true for aviation lessors, who are reeling after Russia’s version of “Grand Theft Airplane” saw a $10 billion plane grab, with almost 800 foreign-registered aircraft forcibly reregistered domestically,” says Eamonn Brennan, Director General of EUROCONTROL.
     “Aviation has continued to recover well over the last few weeks, and there has been a steady climb from 68% in January rising to 79% by the start of April compared to 2019 levels, even factoring in the impact on the network and on fuel prices of the unprovoked aggression by Russia against Ukraine.
     “Airlines are adding lots of capacity, and some airlines are already outperforming their pre-pandemic levels. People are showing that they are really keen to fly – many for the first time since before the pandemic began. Hitting 90% or more of 2019 traffic at peak summer moments is firmly on the cards, and we expect holiday destinations and some other parts of the network to exceed 100% of their 2019 levels.
     “Clearly, however, there are still some downside risks related to continued geopolitical tensions that could further impact fuel prices and economic conditions, as well as the possibility of new COVID variants.
     “We’re also seeing staff shortages in parts of the industry, particularly at airports in key roles such as airport screeners or ground handlers, and this needs to be carefully managed. Should any of these factors come into play, traffic could slide towards the levels envisaged in our Low Scenario.
     “But as cash-strapped airlines increasingly look for an asset-light business model, and traffic finally looks set to stay on course for close to 2019 levels by summer 2022, the future is once more looking bright for the leasing sector.”
     Brennan, always on the ball and right to the point, promises an update and an interesting guest April 28 as Domhnal Slattery, CEO of Avolon Aero joins Aviation StraightTalk live. Slattery will offer his take as CEO of one of the world's largest leasing companies. Live on April 28 at 15:00. Register here: https://lnkd.in/eV7CWpCY

If You Missed Any Of The Previous 3 Issues Of FlyingTypers
Access complete issue by clicking on issue icon or
Access specific articles by clicking on article title
Vol. 21 No. 15
Kale Logistics Solutions & More
Chuckles for April 7, 2022
Shanghai Shutdown
Marjan Rintel CEO At KLM
Feel Good Story

Vol. 21 No. 16
Will Air India Bring Back The Maharajah?
From A Seed To A Mighty Way To Pay
Chuckles for April 12, 2022
Pharma Party On French Riviera
Sabiha Pioneered Dawn In Aviation
Tutti Frutti At Fruit Logistica
Thukral From Rags To Riches
Logistics Alive At Swiss Museum
Showdown At The Hamburger Door

Vol. 21 No. 17
Easter 1960 With Animals
Chuckles for April 16, 2022

Publisher-Geoffrey Arend • Managing Editor-Flossie Arend • Editor Emeritus-Richard Malkin
Film Editor-Ralph Arend • Special Assignments-Sabiha Arend, Emily Arend

Send comments and news to geoffrey@aircargonews.com
Opinions and comments expressed herein do not necessarily reflect the views of the publisher but remain solely those of the author(s).
Air Cargo News FlyingTypers reserves the right to edit all submissions for length and content. All photos and written material submitted to this publication become the property of All Cargo Media.
All Cargo Media, Publishers of Air Cargo News Digital and FlyingTypers. Copyright ©2022 ACM, Inc. All Rights Reserved.
More@ www.aircargonews.com

recycle100% Green