Aircraft
Russian Business Jet Activity Sees Recovery
Despite ongoing sanctions, Russian business aircraft market has improved

The Russian business aviation industry is steadily recovering after the sharp drop in the first half of the year caused by sanctions and the ongoing military conflict in Ukraine, according to some leading local experts in the field of business aviation and Russian media reports.

Russian Business Aviation Association data cites that the overall business aviation fleet of Russia at the beginning of 2022 was about 500 jets, of which up to 20 percent were leased. Due to the sanctions, most of the leased aircraft were returned, while the remaining aircraft were re-registered within the country. That allowed most of the business jet fleet to remain in Russia.