50% of the Belarussian air fleet is managed through Irish firms; the Irish government is preparing to ban Belarus from using them.
50% of the Belarussian air fleet is managed through Irish firms; the Irish government is preparing to ban Belarus from using them.
25 comments
Irish soft power stronk.
Classic tax Haven. Hard to have policy positions but let the money rain.
>pros of cornering a monopoly on a small market in an authoritarian country
Also
>cons of cornering a monopoly on a small market in an authoritarian country
The Eire Bank will have its due
Do. It.
Good
Remember the term leprechaun economics came from aircraft sales and leasing being taxed here distorting our GDP so severely it drove our central statistics office to try and develop a modified GNI calculation to gauge the real economic activity in our country.
A lot of Russia’s is too.
I heard it’s because Russia charges exorbitant fees to register non-Russian built aircraft so even the state owned airline Aeroflot (which has a mostly Airbus fleet now) just gets around it by registering the planes in Ireland
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Hell yeah lets gooo
I really don’t mean to sound condescending or anything, but there’s something heart-warming about Ireland, such an historically downtrodden country, exerting this kind of geopolitical soft-power.
Don’t think Ireland wants to make an enemy of Russia.
I hope they manage to terminate the existing contracts even at their expense. Cancelling only future contracts is reasonable too, but stopping current planes from operating would be a huge hit for Belavia.
Good to hear. Givne how sensible their own borders are, it should be expected that they don’t have businesses that live off undermining other member state’s borders.
Thank you Ireland!
Do it, as fast as you can
I believe Ireland where one of the first countries to start airline leasing and are still one of the major players
Next step the EU should just do what the US did economically to Cuba, it easily could. Shit would stop tomorrow.
During corona there is so much free aircrafts for lease that this could be good for Belavia. They will get out of “expensive” leases and lease aircrafts somewhere else..
Overdue!
Good
The moment firms can’t make money and be the peacock they will.
If this is something the Irish government can do to prevent passage of migrants into Poland & Eastern Europe and possibly get involved in a major EU political row then I guarantee they will bottle it & back off & say nothing.
The single largest import sector in Ireland is Aircraft and Spacecraft.
Who knew? https://oec.world/en/profile/country/irl
How can they actually do this? Belarus seems to have no issue with breaking any international norm it wants to. If Ireland tries anything, won’t they just tell Ireland and the EU to fuck off? I understand this is one more chip for the EU to play then, but still, I’m not sure the immediate action could work.
good. Sanction that fucking hellhole to NK levels