Sanctions Push Russian Bizav To Near Collapse | Aviation International News

Regulations and Government

Sanctions Push Russian Bizav To Near Collapse

The Russian business aviation industry is on the verge of collapse due to the EU and U.S. closing their airspace to all aircraft owned by Russians.

By Eugene Gerden

March 2, 2022

The Russian business aviation industry is on the verge of collapse due to the EU and U.S. closing their airspace to all aircraft owned by Russians in retaliation for Russia’s invasion of Ukraine. According to industry analysts, this will lead to the decline of business aviation traffic in Russia by almost 85 percent and force business jets owned or controlled by Russian interests to switch to Asian and domestic routes. The move also threatens a wave of bankruptcies of Russian business aircraft charter operators and FBOs.

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