Western aircraft manufacturers Boeing and Airbus announced today the suspension of supply of parts and support to Aeroflot and other Russian airlines.

And a Biden Administration spokesperson said last night that the US will join Canada and the EU in banning aircraft of Russian airlines from its airspace.

Boeing, which has research and engineering centers in Russia, also said it has "suspended major operations" in Russia.

In May 2019, the Russian government approved the acquisition by Aeroflot of nearly 100 Boeing and Airbus aircraft to be delivered between 2019 and 2023, at a total cost of more than one billion roubles. As-yet-unfilled orders are now on hold.

Boeing and Airbus jets currently comprise approximately two-thirds of Russia's commercial airline fleet.

Owners of aircraft being leased by Russian airlines are seeking to repossess them.

Because aircraft maintenance facilities throughout the world are required to use OEM parts when servicing commercial airliners, and because some Russian banks have now been barred from the SWIFT international payments system, Russian airlines will inevitably soon be facing a squeeze on flyable aircraft, hence passenger capacity, hence operational revenue.

Stay tuned while we continue to track this situation.