Do Sanctions Work?
Economics Explained
00:00
Oil Prices Are Going Up
Russia is a major oil producer, which has historically fueled very thirsty developing nations like china. It also means that companies like aircap are now facing bankruptcy after having billions of dollars in assets wiped out overnight. This could have knockard implications for the entire airline industry, especially budget carriers. If these rental companies go out of business, then so too do the airlines that utilize their planes.
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