Russia’s Aeroflot Buys 8 Stranded Airbus A330 Aircraft From Leasing Firms May 16, 2022 By Kevin Liffey Russia’s biggest airline, Aeroflot, said on Friday it had bought eight Airbus A330 aircraft from foreign leasing companies “as part...
Aircraft Lessors Begin ‘Vigorous’ Pursuit of Insurance Claims for Seized Jets in Russia May 11, 2022 By Padraic Halpin, Conor Humphries and Tim Hepher Lessors with hundreds of jets stuck in Russia are preparing for what one said would be a “vigorous” pursuit of...
Paris Trial Begins for 2009 Plane Crash That Killed 152 People, Left 1 Survivor May 10, 2022 By Nicolas Vaux-Montagny PARIS (AP) – The lone survivor of a 2009 plane crash that killed 152 other people was expected to attend...
Dubai Aerospace Files Insurance Claims of $1B for Aircraft Stranded in Russia May 6, 2022 By Shaji Mathew The Middle East’s biggest plane-leasing firm wrote off half-a-billion dollars for aircraft stranded in Russia, after the Kremlin issued a...
EU Regulator Warns of Increased Risk to Airlines as Result of Ukraine War May 5, 2022 The European Union’s Aviation Safety Agency (EASA) regulator warned on Thursday of increased risks to airlines due to the war...
Lessor Avolon Reports $304M Impairment Over Seized Russian Aircraft May 4, 2022 Major aircraft lessor Avolon recorded a first-quarter impairment of $304 million to cover the full financial impact of having 10...
EasyJet Cancels Leases on Russia-Owned Jets in Rare Sanctions Anomaly April 29, 2022 By Siddharth Philip EasyJet Plc terminated rental contracts on six Airbus SE jets owned by a Russian state leasing company in a rare...
Qatar Airways Suffers UK Court Setback in Feud With Airbus April 27, 2022 By Tim Hepher LONDON – A British judge on Tuesday denied a bid by Qatar Airways to reinstate a jet contract canceled by...
Air Lease to Write Off Value of 27 Jets Stranded in Russia April 25, 2022 Air Lease Corp. said on Friday it would write off the value of the 27 jets it has remaining in...
EU’s Tweak to Sanctions Allows Some Aircraft Lessors to Sell Stranded Jets to Russia April 15, 2022 By Siddharth Philip and Alberto Nardelli An amendment to European Union sanctions last week created a potential path for some aircraft financiers to sell jets held...