Russia moves to seize hundreds of planes from foreign owners
CNN
Russia is seizing hundreds of commercial jets owned by US and European leasing companies, a further sign of the challenges the country's airline industry faces due to sanctions following its invasion of Ukraine.
President Vladimir Putin signed a law Monday as part of the government's anti-sanction measures that will allow Russian airlines to register planes leased from foreign companies in Russia, where they will be issued local certificates of airworthiness, according to a statement from the Kremlin.
The bill will make it possible for Russian airlines to keep their foreign leased aircraft and operate the planes on domestic routes, while making it harder for foreign companies to reclaim their jets without Russian government approval.
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