Hello and welcome to episode 154 of Avtoc. I am Ian Petchenik here as always with...

Jason Rabinowitz and we've got another special episode. Any of the other news that

has happened in the last week will have to wait yet again.

It'll have to wait. Last week...

Exactly. There's still a lot to cover.

Last week we took a look at kind of the immediate airspace effects of Russia's invasion of Ukraine

and how that was affecting commercial aviation, where aircraft could and could not fly,

and all of the changes that were happening to airlines

routing around Russia where Russian airlines were being forced to stop flying and

kind of what was happening in the air. This week to help us get us some

perspective on the rapid tectonic changes that are happening to the aviation

industry writ large we have John Ostrow, the Air Currents editor, back once again.

John, thank you so much for joining us.

Always a pleasure. Good to back to you guys.

So last week we talked with John Walton about where airplanes could and could not fly and the restrictions that were coming into force on the airspace and kind of some of the the international

regulations around where aircraft could fly. This week I thought we could focus our conversation

on the geopolitical and the aviation business side of things and I think the the big the effectively taken by Russian Airlines against the wishes of their owners.

Yeah, that you know it's interesting.

So the leasing business has become as as global and as influential as it is because of effectively

you look it's cheaper to lease an airplane essentially rent an airplane, especially rent an airplane, if you're an airline, to get rolling quickly.

Someone has an inventory of airplanes that they want to get you and they, whether they're new or used used they can get them to you quickly and you can

add capacity.

...