political risks News

Global Financial Firms Reassess Risks of Operating in China if Taiwan Tensions Escalate

Global financial firms, still smarting from multi-billion dollar losses in Russia, are now reassessing the risks of doing business in Greater China after an escalation of tensions over Taiwan. Lenders including Societe Generale SA, JPMorgan Chase & Co., UBS Group …

Russian Airlines Could Be Frozen Out of Aircraft Leasing Market After Ukraine War

Russian airlines could be frozen out of the aircraft leasing market well beyond the Ukraine conflict, one of the industry’s biggest players warned on Tuesday, blaming what executives have described as a default involving hundreds of Western jets. Global leasing …

Irish Lessors Terminate All Russian Airline Leases

All Irish lessors terminated their Russian airline leases by Monday’s European Union sanctions deadline and have so far had limited success in recovering their aircraft, the representative body for the sector in Ireland said. Aircraft Leasing Ireland (ALI), members of …

Analysis – Aircraft Lessors Lose Hope of Getting Back Russian Planes Worth $10B

As the clock runs down to Monday’s sanctions deadline for Russian airlines to hand back more than 400 leased planes worth almost $10 billion, foreign lessors are fast losing hope that they will get their aircraft back. Most of the …

Russia’s Seizure of Foreign Jets Triggers Wave of Insurance Claims From Leasing Firms

Russia’s move to transfer almost 800 foreign-owned jets to its own aircraft register amid foreign sanctions has triggered a wave of insurance claims from leasing firms whose fleets have effectively been commandeered. Lessors will assert that registering the planes in …

Russia Offers to Compensate Foreign Lessors of Commandeered Jets

Russia offered to compensate owners of jets commandeered by the country, a bid to smooth relations with leasing companies that stand to lose billions of dollars on rented aircraft they can’t get back. Authorities in Moscow are seeking ways to …

Will Companies Exiting Russia Be Able to Recoup Losses With Insurance?

Hundreds of companies have said they are withdrawing or suspending operations in Russia after its invasion of Ukraine, from energy producer Shell Plc to carmaker Hyundai Motor Co. to PwC, a global professional services firm. The following is a look …

Russia Says 78 Planes Have Been Seized Abroad After International Sanctions: Report

Seventy-eight Russian aircraft have been seized abroad, the Interfax news agency quoted Transport Minister Vitaly Savelyev as saying on Tuesday, as Moscow grapples with the consequences of international sanctions over events in Ukraine. Sanctions have cut off the supply of …

Aviation Re/insurers Face Claims as High as $10B From Planes Grounded in Russia

Insurers and reinsurers could face claims as high as US$10 billion in a worst-case scenario due to the grounding of planes in Russia, Fitch Ratings said. More than 500 planes that are financed or owned by non-Russian lessors are stranded …

India’s Accidental Missile Launch Endangered Dozens of Passenger Jets

A missile that was accidentally launched out of India last week fired into the flight path of dozens of commercial jets flying in the region at the same time. Several planes passed through the direct trajectory of the missile that …