Sanctions on Russia could ensnarl business aviation companies
Aviation Partner Jonathan Epstein spoke with FlightGlobal about the possible implications of the new Western sanctions against Russia on the business aviation industry. These sanctions could impact aircraft brokers, lessors, maintenance providers and other companies. Companies may unknowingly violate these restrictions as a result of Russian aircraft owners registering jets in other countries. Russian-owned aircrafts are often registered to places such as Luxembourg, Isle of Man, Guernsey and the United States.
"Ownership structures… are sometimes hard to penetrate...If you are managing aircraft, or [a] loan or lease… you really have to look at the transaction and analyze the risk," Mr. Epstein commented.