Around two and a half years after Russia seized hundreds of foreign-owned (but Russian-operated) aircraft, Reuters has reported aircraft leasing firms have struck settlements for over a quarter of the total number. The Full-Scale Russian Invasion of Ukraine triggered the West to impose crippling sanctions on the Russian aviation industry. Many of the Boeing and Airbus airliners operated by Russian airlines are leased aircraft owned by foreign companies. It has previously been reported that Russia has allocated $4 billion to buying out foreign-owned aircraft.
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The CEO Of Boeing’s First Big Decision After Stepping Into His New Role
- Guest authors
- August 17, 2024
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Well, after experiencing months of scrutiny and criticism, Boeing (with the help of the FAA), is undergoing a massive transformation to become a more transparent and safety-focused company. A change in leadership was something many had called for, and this led to David Calhoun stepping down. Kelly Ortberg, who replaced Calhoun, began his tenure as the plane maker’s chief executive on August 8th – making one symbolic and significant change as he stepped into the new job