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SMBC Aviation Receives Cash Insurance Settlement Over Jets Stranded in Russia
Oct 3 2023 // Ireland-based aircraft lessor SMBC Aviation Capital on Monday said it had received a cash insurance settlement of $710 million for its jets previously leased to Russia’s state-owned airline Aeroflot. The lessor under...
Extreme Weather Forcing JFK, Other Airports to Redesign Runways, Systems
Sep 22 2023 // (Bloomberg) — Airports around the world are relocating sensitive electrical equipment to rooftops to protect it from flooding, reinforcing runways to handle extreme temperature swings and revving up air conditioning...
United Airlines Is Latest to Discover Bogus Parts in Plane Engines
Sep 20 2023 // United Airlines Holdings Inc. discovered dubious parts in two aircraft engines, adding to the list of carriers worldwide that have found bogus components from supplier AOG Technics Ltd. The parts were discovered in a...
Turbulence as P&W Engine Flaw Forces Airlines to Lease More Craft and Crews
Sep 20 2023 // (Bloomberg) — Airlines are scrambling to find replacements for hundreds of single-aisle jetliners that will be sidelined by a recently discovered engine issue, providing a boon to companies that lease out aircraft...
Removing Barriers to CAT Risk Modeling Will Slow Insurer Flight From High-Risk Areas
Sep 18 2023 // Technology has been embraced in a variety of ways within the homeowners’ insurance market. Many aspects of the claims process have been automated, insurers are utilizing more climate data than ever before to predict...
Airlines Face Growing Number of Lawsuits Over Their Climate Claims
Sep 14 2023 // When Dutch airline KLM launched adverts urging customers to “fly responsibly” and think about the environmental impact before booking a flight, it said it was showing its commitment to a sustainable future. But...
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