Phuket Living Just Got A Lot More Expensive For Our Russian Neighbors

[DrDave]

On 3/16/2022 at 2:41 AM, beechbum said:

Well if they don't make their foreign debt payment or they trying paying it in rubles they'll be well and truly f#@&ed...

Mad Vlad certainly is gonna leave his mark in the history books!

No need to make lease payments on all of the commercial planes leased by the Russian airlines. Putin essentially nationalized all of the airliners being leased from foreign lessors. They'll be used only on domestic routes in order to avoid seizure. Those lessors are going to have some massive write-offs.

[Pattaya Spotter]

3 hours ago, DrDave said:

Those lessors are going to have some massive write-offs.

10B is an estimate I've seen.

[eezergood]

On 3/18/2022 at 8:21 AM, DrDave said:

No need to make lease payments on all of the commercial planes leased by the Russian airlines. Putin essentially nationalized all of the airliners being leased from foreign lessors. They'll be used only on domestic routes in order to avoid seizure. Those lessors are going to have some massive write-offs.

This is not the issue, maintenance will be the biggest problem as it is (currently) illegal to supply parts for said planes - this will then impact safety

 

[Pattaya Spotter]

The "rubble (per Joe Biden [https://www.republicworld.com/world-news/russia-ukraine-crisis/biden-emphasises-on-effect-of-sanctions-on-russia-quips-ruble-reduced-to-rubble-articleshow.html]) has made quite the comeback...basically returning to its pre-invasion value vis-a-vis the US dollar. Another instance of President Biden shooting blanks?

Edited April 7, 2022 by Pattaya Spotter