Breaking News: Russia Snags 92 Planes in Massive Government Deal! 🌐✈️ | NewsGlow

The Russian government acquires 92 planes from foreign leasing companies.
Airap, an aircraft leasing company, confirms the purchase, revealing that the funds came from Russia's national welfare fund, with an allocation of 190 billion rubles (approximately $2 billion).

Ownership of the planes will be transferred to Russia State Insurance Company NLK Finance, which will subsequently pass them on to various airlines.
S7 Airlines reports that 45 of its planes, formerly owned by foreign entities, are part of the acquisition, while Aeroflot, the flag carrier, completes deals for 28 of its aircraft.

The acquisition is a result of Russia's initiative to re-register foreign-owned aircraft in its fleet without owner consent, initially prompted by Western sanctions after the conflict in Ukraine. The move allows Russian airlines to use these planes for overseas service without the risk of seizure.