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Closure of airspace causing airlines time and money, cargo delay increases | Mobility News

Following the EU launch on Russian planes and the Moscow agreement to retaliate, the airline is preparing for long-term sanctions. The crisis affected airline shares, leading to dozens of planes being destroyed and evacuated.

Kazakhstan saw three times as many of its planes at its airport due to its return. Following a European Union (EU) ban on Russian airlines as fighting erupted in Ukraine on Sunday, airline officials said Russia could ban their use of its airspace for international flights.

Kremlin officials said on Monday that the answer would come to Western sanctions against the Russian airline. “The rule of law will be renewed, and our interests will be at the forefront of that,” Kremlin spokesman Dmitry Peskov told reporters on a press conference.

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Without access to Russian airspace, motorists will have to turn planes south while avoiding areas of tension in the Middle East. Shares in European airlines and airport operators fell 3-6% in initial trading, while Finnair living in Finland cut its lead and saw its shares fall 23%.

Lufthansa of Germany says 30 flights to Russia will be canceled this week and its Eurowings and Austrian Airlines departments, while Latvia’s AirBaltic says it is delaying flights to Russia until the end of May. Lufthansa said its airlines from Europe to Tokyo and Seoul would have to fly routes for which the company had secured valid flight rights.

In Asia Singapore Airlines said on Monday it was suspending all operations between Singapore and Moscow until further notice for “operational reasons”. Finnair canceled its 2022 directive, fearing a major loss of trade as it made its way across the Russian skies from Europe to Asia via its base in Helsinki.

Korean Air, Japan Airlines and Japan’s ANA Holdings said on Monday that they continue to use Russian airspace but have no plans to add flights to Russia or Europe to replace aircraft canceled by European airlines. Demand for Japan and South Korea has dropped due to travel restrictions related to Covid.

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Swiss Airlines, which is also owned by Lufthansa Group, said it would continue to fly to Russia as Switzerland had not banned Russian flights.

FORWARD GROWTH Chain Supply

The closure of airports and the cancellation of flights will also affect traffic, further exacerbating the supply chain problems caused by the pandemic. “Due to the dramatic developments in the Russia-Ukraine conflict, Lufthansa will no longer use Russian airspace,” Lufthansa Cargo said.

US-based United Parcel Service Inc. and FedEx Corp., two of the world’s largest logistics companies, say they have blocked deliveries to Russia.

Russia’s Aeroflot said on Sunday it would cancel all flights to European destinations after EU foreign policy chief Josep Borrell said the EU had decided to close its flight to Russia. The United States is considering such a move, but has not yet made a final decision, according to US officials.

The U.S. government says on Sunday citizens should consider leaving Russia immediately on commercial flights, citing an increasing number of airlines canceling flights as countries approach. their airfield to Russia.

Includes inputs from Reuters

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