New Russian Law on Leased Jets Could Help in Claiming Insurance, Air Lease Says March 17, 2022 By Abhijith Ganapavaram A new Russian law on leased aircraft showed Moscow could “confiscate” planes and such a move might help it claim...
Bermuda Suspends Permits for Russian Planes March 16, 2022 Bermuda’s aviation regulator said it is suspending certification of all Russian-operated airplanes registered in the British overseas territory due to...
Aircraft Lessors Face Legal Quagmire on Russia Jet Repos. Will Insurers Provide Relief? March 11, 2022 By Tim Hepher, Engen Tham and Carolyn Cohn Global leasing companies staring at an imminent sanctions deadline to repossess more than 400 jets worth almost $10 billion from...
Kazakhstan’s Flagship Air Carrier Suspends Flights to Russia Amid Insurance Issues March 11, 2022 Kazakhstan’s flagship carrier, Air Astana, has suspended all flights to Russia and over Russian territory because such flights can no...
Private Jet Linked to Russian Billionaire Impounded as UK Deepens Aviation Sanctions March 9, 2022 Britain said on Wednesday it had impounded a plane connected to a Russian billionaire under new aviation sanctions which give...
Britain Unveils New Aviation Sanctions Against Russia March 9, 2022 Britain unveiled new aviation sanctions on Wednesday which give the power to detain any Russian aircraft and banning exports of...
EXPLAINER – How Sanctions Against Russia Are Hitting Global Aviation Industry March 8, 2022 By Jamie Freed Russia’s size and close integration into the global aviation industry since the end of the Cold War means sanctions related...
People Moves: Lockton Hires Starr Cos.’ Shephard for Aviation; Arch Promotes Bonneau; AXA XL Names Zhou, Lui as Energy U/Ws in Canada March 7, 2022 This edition of International People Moves details appointments at Lockton, Arch Insurance International and AXA XL. A summary of these...
UK to Ban Russian Companies From London Aviation Insurance Market March 3, 2022 LONDON — Britain will ban Russian companies from the multi-billion dollar aviation and space insurance market in London, the world’s...
Global Firms Shut Ukraine Operations, as They Weigh Impact of Sanctions on Russia February 25, 2022 By Jacob Gronholt-Pedersen Brewer Carlsberg, Japan Tobacco and a Coca-Cola bottler were among firms shutting factories in Ukraine on Thursday following Russia’s invasion,...