Latest Aviation Headlines
All the headlines from our Aviation Topic Page, ordered by recency.
Russian Airlines Could Be Frozen Out of Aircraft Leasing Market After Ukraine War
Mar 29 2022 // Russian airlines could be frozen out of the aircraft leasing market well beyond the Ukraine conflict, one of the industry’s biggest players warned on Tuesday, blaming what executives have described as a default...
Irish Lessors Terminate All Russian Airline Leases
Mar 29 2022 // All Irish lessors terminated their Russian airline leases by Monday’s European Union sanctions deadline and have so far had limited success in recovering their aircraft, the representative body for the sector in...
Analysis – Aircraft Lessors Lose Hope of Getting Back Russian Planes Worth $10B
Mar 28 2022 // As the clock runs down to Monday’s sanctions deadline for Russian airlines to hand back more than 400 leased planes worth almost $10 billion, foreign lessors are fast losing hope that they will get their aircraft...
Update: One of Two Flight Recorders Located From China Eastern Plane Crash
Mar 23 2022 // The cockpit voice recorder from the China Eastern Airlines Corp. aircraft that crashed on Monday has been found and sent for analysis. Officials said all three pilots had current licenses, valid health certificates and...
People Moves: McGill and Partners Names Aon’s Mignon Deputy CFO; Lockton’s Pye Joins Miller’s Solicitors PI Team; HDI Promotes Dave as UK Head of Aviation & Space
Mar 22 2022 // This edition of International People Moves details appointments at McGill and Partners, Miller, and HDI Global Specialty. A summary of these new hires follows here. McGill and Partners, the boutique specialist re/insurance...
Aviation Re/insurers Face Claims as High as $10B From Planes Grounded in Russia
Mar 22 2022 // Insurers and reinsurers could face claims as high as US$10 billion in a worst-case scenario due to the grounding of planes in Russia, Fitch Ratings said. More than 500 planes that are financed or owned by non-Russian...
Rescuers Hunt for Victims, Flight Recorders After China Eastern Plane Crash
Mar 22 2022 // WUZHOU, China – Rescuers in southern China searched for survivors from a China Eastern Airlines jet on Tuesday after it crashed with 132 people on board and authorities said severe damage to the aircraft would make it...
Update: China Eastern Airlines’ Boeing 737-800 Crashes; 132 People Feared Dead
Mar 21 2022 // A China Eastern Airlines Boeing 737-800 with 132 people on board crashed in mountains in southern China on a domestic flight on Monday after a sudden descent from cruising altitude. Media said there were no signs of...
Aircraft Insurers Brace for Barrage of Russia Claims in Possibly Biggest Aviation Loss
Mar 18 2022 // Aircraft-leasing firms working to retrieve planes from Russia are set to collide with an aviation-insurance industry bracing for an unprecedented barrage of claims. Lessors of planes stuck in Russia since the onset of...
Australia, Netherlands Start Legal Proceedings Against Russia for Crash of Flight MH17
Mar 14 2022 // Australia and the Netherlands started legal proceedings against Russia over the downing of Malaysia Airlines Flight MH17, more than seven years after the deadly crash. The move, at the International Civil Aviation...
Aircraft Lessors Face Legal Quagmire on Russia Jet Repos. Will Insurers Provide Relief?
Mar 11 2022 // Global leasing companies staring at an imminent sanctions deadline to repossess more than 400 jets worth almost $10 billion from Russian airlines have received mostly radio silence as experts warn of legal wrangling that...
Kazakhstan’s Flagship Air Carrier Suspends Flights to Russia Amid Insurance Issues
Mar 11 2022 // Kazakhstan’s flagship carrier, Air Astana, has suspended all flights to Russia and over Russian territory because such flights can no longer be insured, the company said on Friday. Air Astana, in which...
Private Jet Linked to Russian Billionaire Impounded as UK Deepens Aviation Sanctions
Mar 9 2022 // Britain said on Wednesday it had impounded a plane connected to a Russian billionaire under new aviation sanctions which give authorities the power to detain any Russian aircraft and to ban exports of aviation or...
Britain Unveils New Aviation Sanctions Against Russia
Mar 9 2022 // Britain unveiled new aviation sanctions on Wednesday which give the power to detain any Russian aircraft and banning exports of aviation or space-related goods to Russia, saying it had already impounded one plane. The...
EXPLAINER – How Sanctions Against Russia Are Hitting Global Aviation Industry
Mar 8 2022 // Russia’s size and close integration into the global aviation industry since the end of the Cold War means sanctions related to its invasion of Ukraine are having outsized consequences relative to earlier freezes on...
People Moves: Lockton Hires Starr Cos.’ Shephard for Aviation; Arch Promotes Bonneau; AXA XL Names Zhou, Lui as Energy U/Ws in Canada
Mar 7 2022 // This edition of International People Moves details appointments at Lockton, Arch Insurance International and AXA XL. A summary of these new hires follows here. Lockton Hires Starr Cos.’ Shephard for Aviation Carl...
UK to Ban Russian Companies From London Aviation Insurance Market
Mar 3 2022 // LONDON — Britain will ban Russian companies from the multi-billion dollar aviation and space insurance market in London, the world’s largest commercial and speciality insurance center, the finance ministry said on...
Global Firms Shut Ukraine Operations, as They Weigh Impact of Sanctions on Russia
Feb 25 2022 // Brewer Carlsberg, Japan Tobacco and a Coca-Cola bottler were among firms shutting factories in Ukraine on Thursday following Russia’s invasion, while UPS and FedEx Corp. suspended services in and out of the...
Global Aviation Industry Assesses Growing Risks of Doing Business With Russia
Feb 25 2022 // The fallout to the global aviation industry from Russia’s invasion of Ukraine is spreading beyond the airspace closings over the conflict zone as airlines, lessors and manufacturers face up to growing risks of doing...
Ice Likely in Southern Plains as Flight Cancelations Number in Thousands
Feb 24 2022 // Hundreds of flights were canceled Wednesday at Dallas-Fort Worth International Airport as parts of Oklahoma, Missouri and Arkansas braced for an ice storm making its way into the Southern Plains. More than half an inch of...
