How Ireland landed in the center of Russia’s $10 billion plane heist
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- Опубликовано: 3 июн 2024
- Following the invasion of Ukraine, the European Union placed sanctions on Russia that included the aviation sector. It triggered a global scramble by overseas plane lessors to recover $10 billion worth of aircraft stuck in the country.
#CNBC #Aviation #Ireland #Russia
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Russia: we got planes for yachts 😂
I'm still sore that Chelsea FC was stolen from Abromovitch. They happily took his money for 15 years and then the UK stole his private property
@@disillusionedanglophile7680 it doesn't make any sense to me either. it seems that he and russians like himself hadn't done anything different than any other billionaire to make money...it almost seems like a financial genocide on rich Russians whether they supported war efforts or not.
@@disillusionedanglophile7680 and you wonder why no one trusts the Empire of Lies.
@@disillusionedanglophile7680 indeed!
Planes cannot be flown without spares and maintenance which Russians don't have.
"he's also Irish" lol
😂😂😂
I was wondering what does that have to do with anything 🤣
Read yur comment at the same tym as he said *he's also Irish* 😅
Ye, very Irish surname - Graham. LOL
@@Sant2409 Graham is originally Scottish and English. My mum’s family were Grahams.
Fascinating, makes me see flying and the travel business quite differently.
When the aircraft are recovered they'll show up to be scrapped. No way to recertify them or their parts. No one in US will deal with the liabilities.
No one anywhere. Maintenance schedules are the bible. Russians are the heretics in aviation
Which basically makes this a win-win proposition for the Russians. They have to do very little If any damage here and the west will slit its own throat just to be sure they aren’t liable for a rusty bolt somewhere.
You can just correct this theft by giving the money frozen in the west that was stolen from the russian people to this leasing company. And you call it a sale of planes to the russian government. So just keep the same mafia practices
I live about three miles from Dublin airport and a lot of folks here work in the airport and in maintenence. The ones that were returned are now running out of hangers to park them in, hangers expanded in Ireland during the COVID pandemic... and there is talk of an aircraft graveyard being set up for parts in Galway or Shannon or something... But nobody is sure what will happen to them. The insurance company's won't touch them with a shitty stick! To be honest you can see their point too...who would get on an aircraft rescued from Russia?
Afrika gonna have a booming aviation in 10 years :)
I live 20 minutes from epicenter of aircraft leasing ..Shannon. I had been curious as to the effects of the Russian heist...Excellent reporting!! Hats off CNBC!👍
Thanks for watching!
@You Tube the Russian emergency rules, not the sanctions on Russia
Western bots thought everyone is stupid enough to believe their lies. The world has never been more united against the US. All major and key global players is now in Russian’s bloc. The US only has perfume makers, pasta makers and few more other insignificant clowns in their bloc. The moment the US forces countries to choose, the US will see even more embarrassments🤣🤣
"heist"
Sorry, who was it that refused to accept flights from Russian Federation ?
@@gmf8171 Who was it that told the rest of the world, "Don't ever risk leasing to us again"
Meanwhile Russians: ok bro
"Winter is coming 🥶"
After paying very low taxes, it would be an insult to ask Ireland to help pay for it.
Russia will return the "planes" minus the engines and valuable spare parts.
Just the carcass
LOL
Also they will crush the carcass into a nice easy to transport cube.
And how is that different than what they’ve chosen to do which is not return them at all.
It also means in the future unless they plan on buying Chinese planes with cash nobody will lease them an airplane for many decades.
@@neilkurzman4907 Neil the world is rapidly changing first Russia and the brics next China stiffs America over Taiwan its all change the planes are a nothing in this great change America as someone said has shot itself in the lungs and the EU in both feet and England is a joke.
@@laurencekelly5081
So your plan is that every country is going to no longer pay for their aircraft? And how do you think they’re going to get spare parts for their aircraft to keep them flying?
Or new aircraft.
Are you under some illusion that a new Soviet bloc is going to form?
China needs Europe in the west to sell their products Russia’s to small country. And India certainly depends on the west and the United States.
Too Funny I laughed into my drink when it said "He's Also Irish". Lol
Putin ...you take my super yachts i take your airplanes.
Only one superyacht's actually been seized, the rest are under arrest, an extremely expensive way of soaking the owners.
More like…you seize 600 billion dollars worth of state property and harass private citizens…. We keep the planes.
😂
@@atariukass1 And you think the lessors will accept that? Dream on, particularly when the figures the invention of a dumn journalist!
A very informative channel and great contents i enjoyed watching most of your videos thanks for sharing .[][]
You obviously new nothing before
The aircraft that are stuck in Russia are unlikely to ever be able to be allowed to operate in the US or EU again. The aviation sanctions were effective in April. The airlines are going to do the best they can to minimize the damages, but as time goes on the options only get worse.
The crazy thing is Putin has taken extreme measures to find ways to make bond payments and maintain the credit rating so that the country can access the international debt markets to finance the rebuilding after the war. Going into the war Russia had very low debt levels and a large amount of foreign currency in preparation for the conflict.
_The crazy thing is Putin has taken extreme measures to find ways to make bond payments and maintain the credit rating so that the country can access the international debt markets to finance the rebuilding after the war._
Russia can finance anything she wants inside the country using its own currency, foreign loans aren't needed for that.
It was quite a lot of a highcost victory to weaopnize the dollar and denying swift. Also weird seeing Saudi Arabia going rouge against the USA.
There comes in the corrupt African nations. They will buy these planes for cheap and fly them disregarding safety. Let's remember this moment whenever we start seeing planes falling from the African skies.
Exactly ...
So they can fly domestically and everywhere else, except NATO countries? Got it.
Somehow the real questions are shunned. Once the war started, lessors either repossessed their planes or asked RF to return them. RF not only refused, but continued using them domestically. Lessors requested return of plane or purchase of plane within a limited period of time. RF refused both. Lessors claimed the planes as losses to their insurers. Insurers will - not mentioned in the docu - most likely refuse the claim on the grounds of force majeur event. Litigation will go on for decades, Ireland/EU may even slap additional charges on any RF plane to land on EU-territory in the future to cover a.m. claims. EU may lock oligarchs' property ... This all would deserve a full series of documentaries.
Yes. An interesting situation all round.
I think you are right. The report ignores all the actions taken by the lessors to aggravate the situation and are now suprised that the other side has tools they can choose to use that may not be favorable to the lessors.
And the Russian yachts are sold to European oligarchs!!
EU and US imposed sanctions on RF. The leasing companies at their free will requested to return the planes. As private companies they could of ignore the sanctions and just keep doing business and get the money according to signed contracts. However they dicided to do that they did. Here is the consequences.
Of course they shuned it, it's CNBC.
NON OF YOUR BILLS SLEPT. THEY KEPT ON BILLINGS AS YOU WERE SLEEPING. IN OTHER WORDS, YOU WOKE UP OWING MORE THAN YOU DID BEFORE SLEEPING. THAT'S WHY YOU NEED 'PASSIVE INCOME'. SO WHEN YOU SLEEP, YOU CAN ALSO MAKE MONEY, NOT JUST DEBTS.
The simplicity of this rule of life may be why they disregard the magnitude of it's effects
My first experience with her was wonderful. I was doubting what you guys were saying about her, but now credit to her
I won't stop saying this, because my life has taken another great shape financially
Mrs Laura Jasmine, she's the best...she is the plug. The whole world sing praises of her. We love you ma😘
Bot
Looks like they traded it for yacht.
"We will mirror the sanctions." - Lavrov
Thereby shooting himself in the foot. Russia reverts to a mediaeval feudal barter economy.
The lease breach value's probably far higher than that, based on the contract terms. Each aircraft would have cost ballpark figure $400m, I think you may have used the title transfer figure at end of lease, which is negligable.
In practical terms, though, the failure to use specified spare parts now makes them unsaleable, because of the risk of concommitant damage to the rest of the airframe and engines. This then makes the Russian airlines a no-go area for Western finance, demonstrated by the Rating Agencies NR assessment - they're refusing to give a rating, end of story, which is a position extremely unlikely to change in even the medium term.
A new Boeing 737 is about 100m USD.
@D R Remind me on what day we are on in your 3-4 day special military operation? So much losing, doesn't make much sense, but there is no reasoning with the paranoid politics of resentment and grievance.
@@pk4459 Just for fun, put up where the Russian MoD said the SMO was going to take 3-4 days. I promise you won't find it because they never said it. The Russian stated objective is to demilitarize and denazify the Ukraine to ensure there is no threat from them. 5 months into it, they are doing just that while the west pokes itself in the eye with their crazy sanction ideas.
@D R I skipped a step, hoping you were knowledgable enough to follow. An aviation business recovering a leased jumbo will have no use for it: they're bankers, not logistics. They're not too likely to be able to lease it again, and there's no market for second-hand airframes with the travel sector like it is. That's what I was saying.
Again, although in the world of realpolitik there's a very shortsighted reality to your thinking, in the medium term their credit is as dead as a coffin nail, and about as unlikely to resurface. Their only option would be to try restarting counterpurchase, the 1970s tool used to raise hard cash off the back of trade, as a kind of VAT, but all that will do is kill tge trade - and that's presuming someone eases up on the sanctions on the misguided basis the war's over, let's stop punishing them. That simply means the Federation recovers and restarts the war. The classic example of this was the 100 Years War, fought to exhaustion, then a 30 year break until the next generation's up to it and off we go again. We see a minor version of that here already, it heats up until Russia's at risk of loosing too many troops, then cools until the next batch of conscripts is hatched ready for the mincer. In March. Lord alone knows what they'll do for winter clothing, probably kill a few Ukrainians.
@@RTC1655 Go do your homework. Boeing were charging between $450 and $500m before they went out of production. The current equivalent, the 777X, is about $430m apiece.
For every action there is an equal and opposite Reaction. 290b to go...
And how about frozen foreign reserves of Russia?
Hundreds of billions! $8.5 billion in airplanes is peanuts in comparison!
Its not more than 6 billion!
Goodluck finding spare parts and future leasing firms
Those will be used to rebuild ukraine. The aircraft Russia stole must be returned or its nuclear war.
@@SelfProclaimedEmperor Yeah, sure. Let's kill 99% of all living things over a few hundred commercial jets.
What about Russian planes stuck in the west? There is an AN124 ceased in Canada, why not mentioning that as well?
West thinks they have the only right to plander what West R1b being doing since they have came in Bronse Age to Europe. You invaded plundered killed for thousands of years. This heist of aeroplanes is nathing in compare what West did to people and countries around the 🌎
West should be stripe
of every things of reachness they have that was grabed and build on bons of people around the 🌎.
Because nobody cares about that crap
Ah yes, 1 plane; versus a whole fleet. Irrelevant.
@@TheGagabou and what about those luxury yat seized by west
@@exclusivewarclips4801 You mean the Individual's proprety? These yatch aren't worth billions, they aren't "leased" and they don't serve any actual purpose other than being a fancy toy for billionaires who want to edge themselves against inflation.
Add to that that they're the proprety of individuals who stopped paying their debts to the host countries where they had their expentive rafts moored at.
What do you expect? People stop paying, you seize their assets, like we do in a civilized society.
The stolen aircraft are probably worth little to nothing now that they're flying with gray parts or even, non-certified parts. Heck, some aircraft might be cannibalized for parts to keep others flying.
They are worthless. The Russians may as well strip some of them for parts to maintain the rest, because the planes they have now are the last modern planes they will ever see.
That's the whole point. They won't be returning anything and they are temporary solution. After they outlive their usefulness, they'll be scrapped.
Russians won't cry though. They'll be producing far less efficient aircraft such as Il-96 and Tu-204/214, but until MS-21-310 is ready, they'll suffice. Once PD-35 engine is ready, they'll also be designing an aircraft to make use of them. They build top fighter aircraft and bombers, so for them passenger airliner isn't a difficult undertaking in terms of technology. They may not be as super-comfortable and pretty, but they'll be just fine for local market. They have plenty of inspiration for interiors, display systems, ergonomics, layouts etc.
@D R Exactly what I thought
@@oldbloke135 we'll see ! Elon musk
play stupid sanctions.. win stupid blowback
There's gonna be some great episodes of Airplane Repo
Nice AirBaltic plane in the background ✈
What's about Russian aircraft that was stoked in others counties as well due to the sanctions poss upon Russian ?
Exactly.
Boeing which is an American company and airbus which is French are the leading commercial airline manufactures the lost Russian ones are probably owned by other countries
They had leases though... its not like the leases have expired
Problem is the west is no longer supplying parts. Therefor Russia will use uncertified parts on a machine where counterfeit parts in the past have led to the loss of hundreds of lives. By the time they get back if they get back they will likely never be able to be re certified for flights above any other country but Russia, which makes the planes worthless for future leasing contracts.
You can steal russian yachts but they can not take your planes into possession *shocking pickachu face*
The interview filming style is weird af, but very insightful information
Lawyer had no shame when he talked of "quite busy for the foreseeable future". hahahaa.....lawyer jokes.
Commercial aircraft come with two major corporate income tax advantages, the deductibility of (i) interest on the debt issued to pay for aircraft, and (ii) depreciation on airliners. A dirty secret of the airline industry is that it is never highly profitable and often operates at a loss. Airline profitability is at best erratic. In particular, COVID has hit airline bottom lines hard. An income tax deduction is worthless if one's profits are low or nonexistent. Leasing firms have more stable profits than airline operators of leased aircraft. Hence the income tax deductions are worth more if they are claimed by a leasing firm than by an airline. Hence it is cheaper fir an airline to lease its aircraft than it is to acquire aircraft using debt financing.
Russia didn’t impose sanctions against Russia which is what actually ‘caused’ this free Russian-airline-parking lot"
No Russia decided to steal the airplanes. They could’ve easily returned everyone of them to the lesser. They chose to keep them instead.
The implications will affect the wider insurance market as I suspect that much of the risk will have been laid off to others.
Well what did other countries expect ?
You're gonna unilaterally sieze Russian assets abroad without any retaliation ?
They had 100 day's warnings to remove those planes!? 🙄🙄🙄
They are Irish assets, not Russian.
What did PUTIN expect after seizing UKRAINEs land, it works both ways buddy !!!
@@LeMerch but Russian assets are not Russian. Gazproms tankers where seized in German. Russian elites assets were seized all across Europe and it was cool to do that but its wrong to seize western planes. You guys drive double standard to the next level
@@chukwuemekaokeke7113 Eh hello? Ireland has no involvement in your stupid wars, its not in NATO and is completely neutral. You're messing with an independent country that even had a civil war in part of it with the UK up until 1998 so telling me we are somehow part of some stupid 'the West' is beyond dumb. Russia stole our planes!!
Criminals behaving like criminals - i'm shocked
You act like the west didn't just steal Russian assets. The west are the best at stealing other countries assets. We all know that.
@@ABanRocks eh, Russia are no angels. Putin has murdered Chechens to fuel his rise to power, and now to distract from his failing rule, he's invading Ukraine, only its backfiring and Russia is tanking even more
The West does terrible things too
Everyone sucks!
🤡 acting and behaving like 🤡 U 🤡
unfortunately many dumb criminals converging in western europe
like eva von braun the eu leader
first she declares everyone has to cut gas and oil from russia
then next day going out crying that russia cuts the gas
you are very right nothing shocking as these criminals acting
What's one's yacht is the other's aircraft
When you lease to crooks, don't complain when the crooks steal your planes...
So true, so true!
Hello Gary, how are you doing today
**THAT LITTLE LAPEL PIN CAUSES ME TO LAUGH!!!**
They are in farnborough airshow
Hello Jack, how are you doing today
What about the assets of Russia that were frozen by those countries? Isn't that called stealing?
Just as the market crashes in aviation travel, lessors find a way to make a massive insurance claim on aircraft that would not have been flying in any case. Interesting isn't it????
Do you not on the calendar? The airlines can’t keep up with passenger demand. What you’re talking about ended over a year ago. Yes those planes would be flying assuming there were enough pilots to fly them, and ground crews the service them.
the demand of flying tickets is raising like a. rocket, do you live in a hole?
@@neilkurzman4907 Is that why Heathrow just canceled 1000 flights this summer. Why the Netherlands canceled 7000 flights. Demand might be there but jet fuel is not. Read some more.
@@neilkurzman4907 Where did all these pilots go?????? Did they fall off the earth during C-19???? Where did the ground crew go to??? Do people suddenly not need money any more???? So now no one needs to work is that right????? Instead of just believing what you read I would suggest that you sometimes ask questions too.
The refineries are not able to keep up with demand for jet fuel now that we have cut Russian refineries off. Have a look how jet fuel is made.
Yes
Its called boomerang effect
If their own aircraft production isnt picking up soon then they will be going belly up in a year or two.
funny how the ones loosing the most want zero spot light on it.
2:30 "Business took off with the company _flouting_ a $4bn valuation"
Really? Treating with "disdain, scorn, or contempt; scoffing at; mocking" that valuation?
_Flaunting_ perhaps.
We got their yachts!
You grab mine, I grab yours. Fair game.
Oh - so they wanted to cancel the leases, and void them unilaterally, but Russia said, "No". How is that a heist.
Planes don't belong to Russia...they didn't pay the full plane price....please educate yourself on how leasing works..
Because the planes dont belong to Russia,so it has no legal power to keep it.
So yeah Russia is simply stealing airplanes.
@@ameyas7726 Please educate yourself on how Force Majure works.
@@ftboomer1 I have a lease on a tesla - there is an earthquake in seattle that prevents me from paying the lease therefore the Tesla by default becomes mine. What is this Force Majure thing again? Sounds Trumpian.
Europe: stole $300 billion plus luxury yachts and real estate
Russia: stole $10 billion in return
Europe: surprised Pikachu face
And it gets even more interesting when you see who profits from it in the end!
Hello Max, how are you doing today
So the problem is the sanctions. I wouldn’t go so far as calling it a heist.
It was also impossible for these aircraft to return when all EU countries slapped a flying ban on all Russian flights, including supposedly neutral Ireland.
Why Ireland decided to join with NATO to impose sanctions on a nation who did nothing to Ireland is another story.
Ireland has no problem with US troops passing through Irish airports on their way to combat missions all over the world.
They were asked to return their collateral since they couldn’t pay for them. They chose not to.
Try that with a leased car and see what happens.
Huge lesson here don’t do business with authoritarian regimes like Russia or China.
OK. You do you.
I cry for the billionaires affected.
😢
it won't be billionaires, unfortunately. Much of the losses are insured by the big insurers, no different than anyone who leases a new car, is forced by the lessor to prove that the lessee has taken out replacement-cost insurance on the leased item. The insurers will take the hit this fiscal year, and that cost will be passed on to the general public in years following.
Ultimately, it will be all of us working class individuals who will ultimately pay for this. This is exactly what happened in years past when big hurricanes, wildfires or environmental disasters created a huge one-time insurance claim. There is a reason why Insurance companies never EVER go bankrupt, as they operate on cost-plus.
Me too 😂🤣😂
The billionaires who skirt taxes and paying their fair share.
The companies responsible employ a lot of regular people, and their tax no longer goes to our government, which pays for things that benefit the public.
@@johnlavery3433 Sorry, but completely irrelevant. You can't drive your car without insurance, and you can't fly a plane (leased or not) without insurance either. All this adds up to a massive insurance claim, no different than a large tsunami or earthquake aftermath. Insurance companies pay out claims to the insured, and any shortfall is made up with increases in premiums in subsequent years. This is the basic business model of the entire insurance business, and the reason why Warren Buffet has a core holding in the insurance space (Geico, and others). Insurance companies by definition can not go out of business, because ultimately the true cost of the claim is passed down to the bottom of the pyramid---you, I, and every other consumer.
Guess it’s par for the coarse. They took yachts from Russians. They wouldn’t let planes land, or fly through airspace. So what are they supposed to do with those planes? They can’t fly them anywhere? Keep them.
Turnabout is fair play.
This report forgot to mention Bermuda as well
And the Dry Tortugas.
AerCap are letting go of lots of their IT contractors, including Cyber ones!!!, which is a real big sign of finance issues with the company.
Take it out of the seizure and sanction monies you stole from Russia.
nothing to do with ireland.
I think you mean ‘flaunting’ rather than ‘flouting’.
Boomerang effects don't forget.
Memo to self: Don't do business in Russia.
smart memo👍
Meanwhile, banks, memo to self: diversify away from US dollars.
The true memo to self is: Don't do business with countries who have a recent history of hostility to your country or are very competitive with it... like China.
@@MilkyWhite1 Nope. The true memo to self: Maybe win the war next time.
Hello Justin, how are you doing today
Why are these leased aircraft’s registered in the caymans?
Not Caymans but Bermuda, at first. And second, it was a lessor’s requirement
leaser leasee
Serves them right.
Tom Chitty is so cute 😍😍😍😍😍 My favorite CNBC reporter 🙂
At least someone understands the story here... FFS, are all women in the US as stupid as “SJ”
Same
They didn't lease these planes to sell them, as long as they can fly they are not worthless. And if Iran can fly Western planes after decades of sanctions, Russia can do even better.
Yes, but with other parts and if they are correcly installed it's the question if they will fly or crash.
WEST DREAMING
Yes dream big Russia you can run planes on unauthorized parts like Iran for the next 20 years and vacation in the Donbas.
@@akbeal Meanwhile Americans continue to get deep in debt with credit cards and mortgagages
wow big money and big business
Can we make a vedio on American asset heist of Russian foreign assets?
So how does Paul Jebely get to found his own Hague Court for aviation mediation?
Perhaps some Russian individuals who have had their property taken without any international court action might also set up their own court.
Don't get me wrong, I have no love for such wealthy oligarchs, but what about living by our own standards? Roman Abramovich doesn't rule Russia. I don't think he was even living there, but his boats and Chelsea football club was taken from him simply because he was a prominent Russian.
Business in China should take heed to this event. The US response to China's actions would be tougher, but it is trying to give time to western business to get out. Some have responded, some have not.
Aircraft and other stranded assets will be the least of people's problems if the US sanctions China. China holds $3 trillion in US treasuries, and they'll dump them all before US sanctions hit. They knew what happened to the Russian central bank assets, now frozen and will potentially be seized for Ukraine.
The US cant do much that china cant do to the US i dont think you understand that yet .The US cant really sanction china without being hurt themselves
Businesses are not leaving Russia like the EU and US predicted... Boo-hoo.
90% of US medicine is made in China 🤣🤣🤣
@@thornekontos1560 they already did lol. Many such as energy companies took a massive hit but still went through with it
Ireland’s government should pay up nothing to do with insurance companies
The planes should have been withdrawn before they were put at risk
Nothing to do with the Irish government. It's a private company and sends it's planes where it likes. Learn basic business practices.
Perhaps unrelated, but residents in SE USA are having increasingly difficulty finding any company that will insure their houses - against hurricanes/floods, etc.
Time for homeowners to do their homework and retrofit their homes to combat those problems.
Hello Ken, how are you doing today
Im not! I just got insured at a great rate for my Beach vacation home!
Russia is just answering in kind, you actually stole their assets and those planes, they are leased and the Russian's did not breach the contract, you did.
I liked the video, but, please, stop with the background music. Music is NOT needed while folks are speaking. Thanks.
Yaah, you're not getting those back. 🙄
there you go learnt they lease planes
then if stuck in a war country ? chit happens
Only 8.5 billion? How much did the EU and the US abscond with Russian funds?
You mean like confiscating yachts and reserve funds?
Hello Larry, how are you doing today
Now if i am not mistaken if they loose roughly 13 times over the amount of airplances they may reach the limit to which they don't have to pay the 15% taxes 2024 onwards.
Soooo a win?
Don't forget the $300billion plus oligarch seizures.
It is not ‘illegal’ in their own country…!!
Russia are a sovereign state - they can make their own rules.
R
Bit tricky for Russia when it needs new planes in the future
yeah, Russia has zero experience with planes...or satellites...or space.
@@kenanacampora Well they only build one and that seats around 90 and they've lost three to crashes, not sure how they'll get on without chips to build it.
Sell them nothing.
they have their own aviation industry, no need the west for that, CM21, Sukhoi Superjet, Antonov, Ilyushin, Tupolev, Yak, Mig etc etc
@@filmdude5058 🤣
They are a lesser lessor now
Brilliant.
3:18 "He is also Irish". Superfluous after the man spoke ;-)
The right of angary applies, meaning that Russia's reciprocation to definitely illegal (as they were not imposed by the UN Security Council) sanctions is not in any way "illegal".
It is illegal if only placed on certain countries which is why the UN is useless 😂😂
" .. and certainly before this Russia was one of the riskier jurisdictions
but exactly nobody expected something like this to happen"
So what this guy is saying is that all these people doing multi-billion dollar International deals and business many of whom spent hundreds of thousands of dollars to go to college/university and have been in the global industry, many at the top & responsible for the most serious decisions for decades all justifiably and understandably fell into the Britney Griner School of Stupidity.... And the fact that I and my elementary school education pot smoking hammock lifestyle could have told you how stupid it was to be so naive regarding Vladimir Putin and his intentions ...which the entire world was observing And discussing leading up to the actual invasion... Yeah that whole statement of his is just plain sad, and ridiculous, as in warranting ridicule.
The same can be said for Xi and China. The numbers of investors who push a pro china investment outlook even today is staggeringly stupid.
Agree!!! After 2014. Russian annexation of Crimea and MH-17 shooting, nobody saw that Russia is a pirate state and what's coming? It is worth criminal investigation within those lessors! Same as Germany policy of only one gas source (they didn't build a single LNG terminal). Nobody heard about risk management?
Well, when trump stated the obvious, that making yourself dependent on on your enemy's energy supply is a bit dodgy everybody laughed. Which seems to indicate you need to be terminally stupid to be a politician. And trump was not a politician
hindsight is 20/20. can you predict who cause will the next airline lease crisis? are you willing to bet that amount of opportunity cost?
remember those record profits? airline leasors will offset their losses against those profits, and operate a few (or maybe many) more years without paying taxes while they offset future profits against those losses. they'll also take out fresh insurance which now includes aircraft not being returned due to acts of war, sanctions etc. this will increase premiums, which will be passed on to airlines. airlines will pass them on to consumers. eventually, someone will pay - but it will not be these leasors, who will remain solvent as long as there is a functioning airline industry.
The Great Oracle of Dummy has spoken. He and he alone saw this exact scenario coming years ago. He declares the lawyer worthy of ridicule. This raises the question.. with such great foresight into the aviation market, why did he not start an aircraft leasing and make all the right bets. The only statements here worthy of ridicule are you, not the lawyer ‘s (and I don’t even like lawyers).
Who knew!
Does this mean that there is paperwork around the place that's worth billions?
I think we should possess some leased oil tankers carrying Russian oil.
we already took some of their boats first
The west stole first, and far more, don't pretend you are entitled to respond.
@@ihatecrackhead in return Russian possess leased planes
You already stole their foreign reserves. That makes up for the planes several times over.
Russian assets should be seized where ever they are
After 19 years since the beginning of the invasion of Iraq, has the West forgotten this war?
The Iraq war is said to have resulted in 1 million deaths the difference is russia have weapons of mass destruction
A message to the future generations never make russia feel threatened
the difference between "looking dangerous" and "being dangerous".Russia
describes military doctrine as defensive military doctrine. With regard
to nuclear weapons specifically, Russia reserves the right to use
nuclear weapons: in response to the use of nuclear and other types of
weapons of mass destruction against it or its allies,in case of
aggression against Russia with the use of conventional weapons when the
very existence of the state is threatened
Russia has the World's Largest Bomber
As of 2022, the Federation of American Scientists estimates that Russia possesses 5,977 nuclear weapons, while the United States has 5,428; Russia and the U.S. each have about 1,600 active deployed strategic nuclear warheads.
Russia has the most nuclear weapons of any country, at 6,257. Of these, 1,458 are active, meaning they are already deployed, 3,039 are available (can be deployed if needed) and 1,760 are retired (out of use and awaiting dismantlement
How do Russian nuclear weapons compare to the rest of the world?
Russia - 6,257
America 5,550
UK - 225
France - 290
China - 350
Israel - 90
Pakistan - 165
India - 156
North Korea - 40
When you tell the truth it's always gonna be controversial.
USA bombing list : the democracy world tour
usa nuked japan
-Korea and China 1950-1953
(Korean War)
-Guatemala 1954
-Indonesia 1958
-Cuba 1959-1961
-Guatemala 1960
-Congo 1964
-Laos 1964-1973
-Vietnam 1961-1973
-Cambodia 1969-1970
-Guatemala 1967-1969
-Grenada 1983
-Lebanon 1983-1984
(both lebanese and syrian targets)
-Libya 1986
-Elsavador 1980s
-Nicaragua 1980s
-Iran 1987
-Panama 1989
-Iraq 1991 (persian gulf war)
-Kuwait 1991
-Somalia 1993
-Bosnia 1994-1995
-Sudan 1998
-Afghanistan 1998
-Yugoslavia 1999
-Yemen 2002
-Iraq 1991-2003
(US/UK on reguler basis)
-Iraq 2003-2015
-Afghanistan 2001-2015
-Pakistan 2007-2015
-Somalia 2007-8 and 2011
-Yemen 2009 and 2011
-Libya 2011 and 2015
-Syiria 2014-2015
Never forget who's the real threat to the world
Oh yes the Scary nukes... If Pootin is STUPID enough and has a Death Wish for himself and his people then he will use them. Otherwise NO ONE GIVES A F...CK 🤡
That. Right there.
Oh no russian trolls are teaching us history again 😄😄😄
All in name of peace ✌️
Ah yes everyone seems to forget that Iraq invaded a sovereign country
Why?
Send in the repo men...
I would never vote Tory but I am amazed at the poor quality of their leadership. Years ago Johnson would never have been allowed anywhere near a top position in the party.
Right wing populism has been brewing since Palin ran in 2008. Now it comes to fruition and we see the outcome
And that's why years ago he WAS nowhere near a top position in the party :D
The Brits did not vote for Boris Johnson, they voted against Jeremy Corbyn.
Maybe try to ask your government to wait till you get your planes back and only after that do the sanctions thing?
Maybe the country of thieves and murderers called Russia should pay for its crimes?
I have to pause right at the beginning. The report name.. must have been a rough life, Mr Chitty.
Shame they won’t be able to buy spare parts
Hello Phil, how are you doing today
Will become junk yard without spare parts eventially..lost cause!
Absolutely right 👍
@00 00 You meant part or ticking time bomb? I don't believe Russia have the necessary skilled workers that can replicate the spare part in such a short time, given them time then sure, but then where exactly can Russian plane fly nowaday?
Irish leasing company's - as in tax free global capital?
We are not talking about Irish money.
Do not jump to conclusions - it is very important for everyone! In every country in the world there is an international social project that is growing. A CREATIVE SOCIETY! People of different nationalities and religions are coming together to build a just society. After all, we all want to live happily ever after! Let's unite!
Forget about it.
Easy, just write it off as a sale and take the 10B from Russian funds held in foreign countries.
Not that easy. This will force other countries and banks to buy fewer US dollars to cover themselves. The US should have played a bit more monopoly. Any game where a player plays the bank as well does not last.
Russian govt, Russian companies and Russian individuals are not the same legal identity and not legally responsible for each other’s debts.
Should have thought that out before you signed on to the sanctions.
how I can you more blocking
Either the leasing companies are taking a hit, or the insurance companies are taking that hit. It might be a bit of both, but nobody seems to know the answer to that question. And what litigation is he talking about? Between the lease company and the Russians, or against the insurance companies. If its the former, then they're not very confident they have water tight policies. If its the latter, then they'd find it easier to get blood out of a stone, than compo out of Russia right now.
Its 38 years since I was a Lloyds aviation insurance broker, and unless things have changed radically since then, the AV48 clause that every hull policy included as standard, specifically excludes war & confiscation, which leaves only a separate war risk for coverage. If the policy is in the name of the airline, they can hardly claim against their own act of confiscation, even if the lessor is joint assured. If anyone has up to date info on the insurance status of some of these aircraft, I think we'd all like to know........
And a war risk has a 7 day cancellation clause, underwriters would have been quick to issue that if they thought they were exposed due to the invasion of Ukraine................