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...
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...
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...
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...