Foreign subsidiaries of Russian organizations will be able to register ownership of their aircraft From IFX

  VTBR +0.54% Add/Remove from portfolio Add to list Add position

Position added successfully:

Enter portfolio name Type: Buy Sell Date:   Quantity: Price Item price: Credit. leverage: 1:1 1:10 1:25 1:50 1:100 1:200 1:400 1:500 1:1000 Commission:   Create a new list Create Create a portfolio of assets Add Create + Add another position Close The Government of the Russian Federation allowed foreign subsidiaries of Russian organizations to register aircraft rights, the relevant decree was signed by Prime Minister Mikhail Mishustin.

“Now foreign subsidiaries of Russian organizations can register ownership of their aircraft in the unified state register of rights to civil aircraft and transactions with them. Copies of constituent and title documents will serve as the basis for registration,” the government website said in a statement.< /p>

As noted, insurance, reinsurance and maintenance of aircraft will also be carried out in Russia.

The decision was made due to sanctions pressure against the Russian Federation, which affected foreign subsidiaries of Russian legal entities. Because of this, “problems could arise with the further operation of their aircraft.”

“The signed resolution will help mitigate such risks and allow Russian companies to maintain a fleet of aircraft for passenger air transportation,” the report says.

>

Previously, the government allowed domestic airlines to register ownership of aircraft leased or leased from foreign partners.

Abroad, primarily in Ireland and Cyprus, subsidiaries of the State Transport Leasing Company, VEB Leasing, SberLeasing, VTB (MCX:VTBR) Leasing and other lessors.

LEAVE A REPLY

Please enter your comment!
Please enter your name here