China bars Russian airlines with foreign planes amid penalties fear: Report
China has barred Russia’s airlines from flying foreign-owned jetliners into its airspace, the Russian news outlet RBK reported, after President Vladimir Putin threw the aircrafts’ ownership into doubt by allowing them to be re-registered in Russia to avoid seizure under sanctions over Moscow’s attack on Ukraine.
The European Union, home to major aircraft leasing companies, banned the sale or lease of aircraft to Russian carriers in February. Putin responded by approving the re-registration measure in March, which prompted suggestions foreign owners may never recover planes worth billions of dollars.
