RUSSIA Airlines Catastrophe

If you would like to support the Channel: https://www.buymeacoffee.com/JoeBlogs   / joeblogsyt   YouTube Membership -    / @joeblogsrussia   YouTube Super Thanks (click below) RUSSIA is the largest country in the world, in terms of land mass, and is dependent upon air travel. Following the invasion of Ukraine the two biggest aircraft manufacturers, Boeing and Airbus, applied sanctions against Russia which meant that Russia was no longer able to buy planes, parts, technology or maintenance directly. In response to this Russia SEIZED around 450 planes that were on the ground in Russia resulting in huge losses being incurred by both the airlines that operated these aircraft and the leasing companies that owned them. These losses have resulted in massive claims being submitted to insurance companies and COURT CASES are now starting over these disputes. Problems are also being experienced in Russia as 77% of of all of the aircraft in Russia at the start of the war were made by Boeing and Airbus and the global airline industry is dominated by these two manufacturers. Sanctions have forced Russia to scrap old planes for parts and it is now attempting to scale up its own aircraft manufacturing industry. In this video I provide more details of the current situation and discuss the implications for both Russia and the global airline business. For specific details please check out the CHAPTER list below. Thanks for watching and please LIKE and SUBSCRIBE. If you like this video and are would like to buy me a coffee please click the link below. THANK YOU it is very much appreciated. https://www.buymeacoffee.com/JoeBlogs Chapters: 0:00 Intro 5:12 AIRCRAFT LEASING 10:26 TRAPPED PLANES 12:54 LEASING COMPANIES 15:22 INSURANCE COMPANIES 18:52 COURT CASES 21:08 RUSSIAN DEALS 24:01 RUSSIAN AIRLINES 28:01 SUMMARY & CONCLUSION #russia #ruble #russianeconomy #donaldtrump #globalrecession #russianoil #gdp #rouble #ukraine #uk #pricecap #GLOBALFINANCIALCRISIS #RUBLE #SWIFT #RECESSION #CHINA #USA #NATO #WW3 #WORLDWAR3