Sanctions on Russian aviation are a burden for Western firms
And could prove devastating for Aeroflot and other Russian airlines
Editor's note: On March 14th Russia passed a law allowing carriers to re-register foreign leased jets as Russian. The move is intended “to ensure the uninterrupted functioning of activities in the field of civil aviation”
AS VLADIMIR PUTIN’S troops continued to lay waste to Ukraine on March 5th, Russia’s president surrounded himself with bouquet-wielding young women training as cabin crew for Aeroflot, the state-controlled airline. Aviation is vital for connecting the vast country. The uneasy grins on the faces of the ladies to whom he explained that Western sanctions were an act of war hinted that they understood the implications for their long-term career prospects. The same day that Mr Putin met its trainees, Aeroflot suspended all its international flights. By then the carrier had few places to fly. Britain was the first to ban Russian planes in reaction to the invasion of Ukraine. They are now also barred from skies above America, Canada, the EU and several other places. Western carriers, meanwhile, are no longer welcome in Russia airspace.
This article appeared in the Business section of the print edition under the headline “Flight risk”
Business March 12th 2022
More from Business
Meet the ambitious wolf cubs of Wall Street
A duo of whippersnappers is taking on Goldman Sachs
What next for US Steel?
The faded industrial icon has few good options without a Nippon deal
Foxconn and other gadget-makers are expanding their empires
The world’s contract manufacturers are moving into new products and places
The signals of workplace submissiveness
Deference is all around you, unfortunately
America’s internet giants are being outplayed in the global south
From e-commerce to online banking, regional competitors are innovating rapidly
Will Mark Zuckerberg’s Trump gamble pay off?
He risks making enemies elsewhere