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...
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...
Sanctions Against Russia ‘Manageable’ for UK Insurers, Banks: Regulator March 9, 2022 By Huw Jones Sanctions against Russia in response to its invasion of Ukraine are “manageable” for Britain’s insurers and wider financial sector, Bank...
London’s Marine Insurers Widen High-Risk Shipping Areas as Ukraine Conflict Escalates March 9, 2022 By Jonathan Saul London’s marine insurance market has widened the area of waters around the Black Sea and Sea of Azov that it...
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...
As Foreign Seafarers Are Evacuated From Ukraine, Mariners Count Cost of War March 8, 2022 By Jonathan Saul and Ruma Paul Bangladeshi seafarer Asiful Islam recalls the moment when a missile struck his cargo ship last week off the Ukrainian port...
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...
Insurers Raise Costs of Shipping Through Black Sea for Vessels Still Willing to Sail February 25, 2022 By Jonathan Saul Insurers have raised the cost of providing cover for merchant ships through the Black Sea, adding to soaring rates to...