Fake Spare Parts Were Supplied to Fix Top-Selling Jet Engine September 1, 2023 By Julie Johnsson, Ryan Beene and Siddharth Philip European aviation regulators have determined that an obscure London-based company supplied bogus parts for repairs of jet engines that power...
Lufthansa Weighs Sale of Aviation Insurance Broker, Insurer: Sources August 30, 2023 By Jan-Henrik Förster, Eyk Henning and Siddharth Philip Deutsche Lufthansa AG, the German airline, is looking to sell its insurance brokerage unit Albatros and insurance business Delvag, according...
Insurers Successfully Merge Lawsuits Brought by Lessors for Jets Confiscated in Russia March 13, 2023 By Siddharth Philip and Upmanyu Trivedi Insurers led by AIG succeeded in their attempt to merge several lawsuits brought by aircraft lessors over outstanding claims for...
Update: U.S. Flight Departures Resume After FAA Lifts Ground Stop January 11, 2023 By Siddharth Philip, Mary Schlangenstein and Alan Levin US flight departures began resuming early Wednesday after an overnight outage to a key air-traffic system prompted authorities to ground...
EasyJet Cancels Leases on Russia-Owned Jets in Rare Sanctions Anomaly April 29, 2022 By Siddharth Philip EasyJet Plc terminated rental contracts on six Airbus SE jets owned by a Russian state leasing company in a rare...
EU’s Tweak to Sanctions Allows Some Aircraft Lessors to Sell Stranded Jets to Russia April 15, 2022 By Siddharth Philip and Alberto Nardelli An amendment to European Union sanctions last week created a potential path for some aircraft financiers to sell jets held...
Aircraft Leasing Firm AerCap Files $3.5B Insurance Claim for Jets Stuck in Russia March 30, 2022 By Siddharth Philip AerCap Holdings NV, the world’s largest aircraft-leasing firm, is seeking about $3.5 billion from insurers related to jets and engines...
Jet Leasing Firms Tally Up Losses Stemming From Russia-Ukraine War March 30, 2022 By Siddharth Philip Aircraft leasing firms are tallying up losses stemming from Russia’s invasion of Ukraine, according to the head of Avolon Holdings...
Russia’s Seizure of Foreign Jets Triggers Wave of Insurance Claims From Leasing Firms March 24, 2022 By Siddharth Philip and Eliza Ronalds-Hannon Russia’s move to transfer almost 800 foreign-owned jets to its own aircraft register amid foreign sanctions has triggered a wave...
Aircraft Insurers Brace for Barrage of Russia Claims in Possibly Biggest Aviation Loss March 18, 2022 By Katherine Chiglinsky, Siddharth Philip and Max Reyes Aircraft-leasing firms working to retrieve planes from Russia are set to collide with an aviation-insurance industry bracing for an unprecedented...