Russian Business Aviation Ground Handling Companies Hope for Partial Recovery in Q4 | Aviation International News

Russian FBOs Hope for Partial Recovery in Q4

Hobbled by Ukraine war-related sanctions, FBOs in Russia are hoping for a partial recovery over the New Year and Christmas holidays.

Moscow’s Vnukovo-3 FBO — Moscow’s Vnukovo-3 FBO has a market share of 30 to 40 percent of all business aviation flights in Russia. (Photo: Eugene Gerden)

By Eugene Gerden

December 7, 2022

Russian FBOs are hoping for at least a partial recovery in the fourth quarter after a sharp drop in traffic due to Ukraine war-related sanctions imposed on Russia earlier this year. As the Russian business aviation industry was starting to recover after the pandemic, it was shocked in March by tightening sanctions against Russia for its aggression against Ukraine. These sanctions have had a direct effect on the industry.

In March and April, business aircraft flying dropped about 75 percent year-over-year. While traffic began to gradually stabilize in the second quarter, the situation in the sector remains complex and most Russian FBOs continue to feel the pressure of the sanctions.

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