Russia makes wet lease u-turn

Russian authorities have given the green light to allow the wet lease of aircraft. The approval, granted by Russia’s State Duma and signed by President Vladimir Putin on August 8, sees changes made to the country’s Air Code. Previously, wet leasing – whereby an aircraft, crew, and ACMI coverage are provided from one airline to another for a fee – was banned in the country. However, in May 2023, Russia’s two biggest airline groups – Aeroflot Group and the privately