List of Aerospace Companies Cutting Ties with Russia Mounts

CAE, Honeywell, and Raytheon are the latest providers who have joined the growing movement.

A growing number of aerospace companies with businesses or services in Russia have terminated or suspended business in Russia and Belarus due to economic sanctions imposed on Russia by governments. 

While it isn’t immediately clear how those moves will reverberate through the various supply chains, the retractions aren’t insignificant, as many companies depend on Russia for commerce and raw material.

Here’s the latest list of companies who have made moves:

  • While it doesn’t have any facilities in Russia, training provider CAE (NYSE: CAE) said it was also saddened by the crisis and agreed to suspend all services and not train Russian airlines pilots, aircraft operators, and healthcare distributors. The company also said it would stop selling and repairing simulators.
  • Honeywell (NASDAQ: HON) issued a statement Thursday stating it “suspended all of our sales, distribution, and service activities in Russia and Belarus substantially.” 
  • Additionally, Raytheon Technologies (NYSE: RTX), the parent company of Collins Aerospace, suspended sales and support services to Russia’s civil aviation industry.
  • Airline ticketing providers Amadeus and Sabre discontinued their partnerships with Aeroflot, Russia’s national flag carrier.
  • Major logistics providers UPS, FedEx, and DHL, suspended operations and shipments within Russia and Belarus.
  • Bombardier (OTCMKTS: BDRBF) said it would cancel aircraft deals with Russian customers as necessary to comply with sanctions targeting individuals and companies. 

China Suspends Business

On Thursday, China joined Boeing and Airbus in refusing to supply Russian airlines with aircraft parts. Oleg Panteleev, the head of Russian analytical agency AviaPort, told Reuters that this could either lead airlines to “cannibalization” of parked planes for spare parts or that airlines could begin looking for “under-the-table” supplies in third countries. 

Russian news agency Interfax reported that due to the Chinese ban, Valery Kudinov, who oversees airworthiness maintenance at Russia’s Federal Air Transport Agency, said Russia might begin sourcing parts from maintenance trade shows in Turkey, India, and other countries. 

FLYING will continue to keep track of the responses by companies as the conflict continues. 

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