Speaking of seizing assets, remember I mentioned about the Russian air industry last week? Well apparently the signs early this week point to the Russian government effectively nationalizing the foreign owned aircraft operated by Russian companies.
Here's a follow up video to the one I posted before:
Plus a couple news articles on the subject:
Business Insider (
archive)
Airline Weekly (
archive)
The short of it is that Russia's taken steps to enable quick re-registering of foreign registered craft in Russia, postponed some inspection requirements and made them easier to meet in Russia, and directed its airliners to not fly foreign registered aircraft abroad lest they be impounded or seized. This would also put Russia in violation of the
Cape Town Treaty they ratified back in 2011. It'll also make any aircraft kept that way virtually worthless in the future as maintenance records would become unreliable, and it's a lot harder to sell someone an aircraft if they don't have decent assurances it's been properly maintained.
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