U.S. airplane manufacturer Boeing said it was suspending parts, maintenance and technical support for Russian airlines as the effect of sanctions in the wake of Russia's invasion of Ukraine ripple across the global aviation industry.
Boeing's announcement late on Tuesday came as aircraft and engine manufacturers, lessors and maintenance, repair and overhaul providers with Russian clients face various EU and U.S. bans, including on leasing planes, exporting new aircraft and providing parts.There are also potential payment difficulties after some Russian banks were barred from the SWIFT international payments system.
Domestic capacity last year was above pre-pandemic levels and Russian carriers were seen as more reliable performers on jet lease agreements at a time when many Southeast Asian airlines halted payments or returned planes due to financial troubles. "Because parts are limited we will expect to see aircraft that are on the ground in Russia being robbed in order to keep the remainder of the fleet operational," he said on a webinar on Tuesday.
Russian difficulties in sourcing spare parts could also affect international airlines that fly to Russia and may sometimes require replacement parts at the destination.
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