Chicago convention - Latest News Update, Information, Photos & Videos on Chicago convention at Lokmat Times

New Delhi, March 17 Companies, many based in Ireland, leased 515 airplanes worth about $10 billion to Russian airlines. They may never get them back.On Monday, Russian President Vladimir Putin approved a law switching the jets over to the Russian airplane registry, making their return very difficult, Politico reported.In doing so, Russia is breaching the Chicago Convention, the international rules that underpin civil aviation, according to European Transport Commissioner Adina Valean.The European Commission is working with regulatory agencies to get the jets back, she told the European Parliament on Tuesday.But her comments are unlikely to inspire much faith from lessors."We are in the process to try to do our best," she said, adding: "But to be honest, we're not very trustful because when you have such abusive behavior from a country like Russia, it's difficult to say what the outcome will be," Politico reported.The bloc has given leasing companies until March 28 to wrap up their contracts and get their planes home. However, only a few dozen airplanes have made it back to their owners largely those that were outside Russia when the skies closed.The rest are in Russia and Putin's new measure moves them onto shaky legal territory, said Donal Hanley, a professor at the Institute of Air and Space Law at Montreal's McGill University.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Pahalgam Terror Attack

Tahawwur Rana

IPL 2025

CM Devendra Fadnavis

Mumbai Local

Weather Update

Chicago ConventionFOLLOW

Chicago convention, Latest News

International :Financiers worry about 515 airplanes leased to Russian airlines

New Delhi, March 17 Companies, many based in Ireland, leased 515 airplanes worth about $10 billion to Russian ... ...