Fidelis MGU and Castlelake Launch Aviation-Focused ‘Itasca MGA’ October 12, 2023 Pine Walk Capital Ltd., a specialist MGA platform and wholly owned subsidiary of specialty re/insurer Fidelis MGU, and Castlelake L.P.,...
SMBC Aviation Receives Cash Insurance Settlement Over Jets Stranded in Russia October 3, 2023 By Shivansh Tiwary and Kantaro Komiya Ireland-based aircraft lessor SMBC Aviation Capital on Monday said it had received a cash insurance settlement of $710 million for...
Update: Lessor AerCap Settles Claim of $645M for Aeroflot Jets Stranded in Russia September 6, 2023 By Conor Humphries The world’s largest aircraft lessor has agreed to settle an insurance claim over Russia’s refusal to return 17 jets leased...
Aircraft Lessors Aim for June 2024 Trial Over Contested Russia Insurance Claims August 1, 2023 Some of the world’s largest aircraft lessors and insurers are aiming to be ready to go to trial in June...
Aviation Lessors Fight to Stop Insurance Dispute Hearings in Russia July 10, 2023 More than 40 aviation leasing firms, locked in a battle with insurers over who should bear up to $10 billion...
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...
Insurers Successfully Merge Lawsuits Brought by Lessors for Jets Confiscated in Russia March 13, 2023 By Siddharth Philip and Upmanyu Trivedi Insurers led by AIG succeeded in their attempt to merge several lawsuits brought by aircraft lessors over outstanding claims for...
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...
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...
Russian Airlines Explore Buying Stranded Jets From Western Leasing Firms December 27, 2022 By Gleb Stolyarov and Carolyn Cohn Russian airlines have held exploratory talks with at least one major Western leasing firm about using state funds to buy...