Explainer: How sanctions against Russia are battering the global aviation industry

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Explainer: How sanctions against Russia are battering the global aviation industry
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Airfares set to rise amid surging costs for oil, with Qantas warning of higher prices ahead, due to sanctions on Russia

  • 📰 Reuters
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The European Union has given leasing companies until March 28 to wind up current rental contracts in Russia.

Russia's state aviation authority recommended that airlines with foreign-leased planes stop flying them abroad. Russian airlines have also been cut off from the insurance and reinsurance markets in the European Union and Britain.

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Reuters /  🏆 2. in UK
 

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