I know nothing about this business but there are a lot of modern airplanes there which they’ll have no problems leasing out again.
They can’t build 737-800 planes fast enough at the moment for all the demand that is out there.
Could this be Ryanair’s opportunity to pick up the build slots for 747 orders on the cheap and start transatlantic flights.
They said they were waiting for something like this but I don’t think 747 was their preferred plane for long range flights.
The new Ryanair 737s , due after 2019 , would be able to cross the atlantic. However in order to shoehorn in a lot more seats than any other operator they have reduced the legroom and removed a load of toilets and food.
Many leased and financed aircraft are registered in Ireland - for reasons other than tax.
Sberbank, VEB and VTB are all leasing aircraft to Transaero - these guys are russian banks.
The “Irish” lessors include Gecas, Aercap and two smaller and more real Irish lessors. the exposure is small because they are older aircraft.
The other lessors are largely US based included ACG.
Transaero was due to be merged into the Russian state carrier, because Transaero is suffering from the crumbling economy, and FX issues.
However someone in Russia Inc realised that there wasn’t anything decent in Transaero, so decided to default the airline. Aeroflot will pick up the traffic etc, and they don’t need the aircraft. The people will probably move across informally.
Lots of Transaero planes with Irish registrations parked up in Domodedovo when I flew in there yesterday. I would have thought a plane wouldn’t be much use to anyone else with an enforceable lien hanging over it. Surely they wouldn’t be able to land in most of the world without risking having the plane impounded?
AFAIK the terms of the lease generally specify which countries they are allowed to fly to - i.e. not to ones where they’d be beyond the legal reach of the lease co. They’re fairly tight on arrears too - you have to be when so highly leveraged