Russia’s Largest Cargo Airline Ordered to Pay Aircraft Lessor BOC Aviation $406.2M April 12, 2023 By Jonathan Stempel /A U.S. judge on Tuesday ordered Russia’s largest cargo airline to pay aircraft lessor BOC Aviation Ltd. $406.2 million after...
U.S. Airports’ Outdated Tech Leaves Planes Vulnerable to Runway Near-Misses April 6, 2023 By Alan Levin A crucial safety system that’s relied on to avoid potentially fatal collisions at major US airports is aging and plagued...
HDI Global Specialty Launches Digital Platform for General Aviation in Canada March 27, 2023 HDI Global Specialty SE (HDI) has launched a new insurance platform in Canada which delivers general aviation policies to brokers...
Buttigieg Says Recent U.S. Aviation Close Calls ‘Deeply Troubling’ March 15, 2023 By David Shepardson U.S. Transportation Secretary Pete Buttigieg said on Tuesday that a series of aviation close calls was “deeply troubling and deserve...
Aircraft Lessor AerCap Says Russian Airlines Proposing Settlements for Stranded Jets March 3, 2023 Aircraft lessor AerCap said on Thursday it had been approached by Russian airlines and their insurance companies about possible settlements...
Airbus and Qatar Airways Settle Bitter Dispute Over Grounded A350 Jets February 3, 2023 By Tim Hepher Airbus and Qatar Airways have settled a dispute over grounded A350 jets, the companies said on Wednesday, averting a potentially...
Aircraft Leasing Companies Cautious About Risky Markets After $10B Hit in Russia January 23, 2023 By Conor Humphries and Padraic Halpin Aircraft leasing companies, which own most of the world’s passenger jets, face a tricky balance between risks and rewards after...
Major Aviation Insurer AXA Pulls Back on War Coverage After Ukraine Losses: Reuters January 19, 2023 By Carolyn Cohn, Jonathan Saul and Noor Zainab Hussain The commercial arm of French insurer AXA is reducing cover offered to aviation companies as it seeks to protect the...
Castlelake Launches Bermuda Reinsurer, Itasca Re, for Aircraft Assets January 19, 2023 U.S.-based alternative investment manager Castlelake, L.P. announced the creation of a Bermuda-licensed reinsurance company, Itasca Re Limited, to offer insurance...
WTW Launches Online Platform for Aerospace Clients January 12, 2023 Insurance broker WTW launched a customized online platform for the aerospace sector which enables access to WTW expertise across the...