Irish Lessors Terminate All Russian Airline Leases March 29, 2022 All Irish lessors terminated their Russian airline leases by Monday’s European Union sanctions deadline and have so far had limited...
Analysis – Aircraft Lessors Lose Hope of Getting Back Russian Planes Worth $10B March 28, 2022 By Jamie Freed As the clock runs down to Monday’s sanctions deadline for Russian airlines to hand back more than 400 leased planes...
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...
Russia Offers to Compensate Foreign Lessors of Commandeered Jets March 23, 2022 By Christopher Jasper Russia offered to compensate owners of jets commandeered by the country, a bid to smooth relations with leasing companies that...
Will Companies Exiting Russia Be Able to Recoup Losses With Insurance? March 23, 2022 By Tom Hals Hundreds of companies have said they are withdrawing or suspending operations in Russia after its invasion of Ukraine, from energy...
Russia Says 78 Planes Have Been Seized Abroad After International Sanctions: Report March 22, 2022 Seventy-eight Russian aircraft have been seized abroad, the Interfax news agency quoted Transport Minister Vitaly Savelyev as saying on Tuesday,...
Aviation Re/insurers Face Claims as High as $10B From Planes Grounded in Russia March 22, 2022 Insurers and reinsurers could face claims as high as US$10 billion in a worst-case scenario due to the grounding of...
India’s Accidental Missile Launch Endangered Dozens of Passenger Jets March 18, 2022 By Anurag Kotoky A missile that was accidentally launched out of India last week fired into the flight path of dozens of commercial...
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...
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...