Bloomberg Leasing firms are facing the challenge of recalling jetliners worth billions of dollars from Russian airlines, as sanctions imposed over the Ukraine invasion threaten carriers’ ability to operate rented planes. EU sanctions ban the supply of “all goods and technology” linked to aircraft. Planes can’t be insured, either. That means leasing firms will be required to terminate all ...

  Bloomberg The world’s biggest aircraft, the Antonov-225 cargo plane, was destroyed by Russian forces while it was under repair at an airfield in Gostomel near Kyiv, according to Ukraine’s state-run Ukroboronprom. Restoration of the aircraft, known as Mriya, will take more than five years at a cost of over $3 billion following the attack, Ukroboronprom said in a statement, ...

Bloomberg Finnair Oyj faces a wipeout of its Asian traffic as a tit-for-tat of airspace closures in Europe and Russia jeopardises its main long-haul strategy. Finland’s national carrier has carved out a niche providing transit passengers from smaller European cities the shortest flight times to Asia. But the flights through its Helsinki hub to destinations like Hong Kong, Seoul and ...