SMBC Aviation Capital has joined most of the world’s largest aircraft lessors in pursuing insurance claims through the courts over jets it owns that are stuck in Russia, an Irish High Court filing showed. Irish-headquartered SMBC recorded an impairment of …
Aircraft leasing firms are suing dozens of insurers for around $6.5 billion in a string of lawsuits over the loss of hundreds of aircraft stuck in Russia since Moscow’s invasion of Ukraine. More than 400 leased planes worth around $10 …
BOC Aviation Ltd. has begun legal action in pursuit of claims against 16 insurers over aircraft the lessor owns that are stuck in Russia, an Irish High Court filing shows. The insurers named in the proceedings, which the filing shows …
Carlyle Aviation Partners said it sued a group of insurance companies and re-insurers claiming they failed to pay for losses stemming from the seizure of planes leased to Russian airlines following the invasion of Ukraine. Carlyle Aviation leased 23 planes …
Aircraft leasing firm Dubai Aerospace Enterprise (DAE) has filed a London lawsuit against 11 insurers, including Lloyd’s of London, AIG, Chubb and Swiss Re, two months after it wrote off almost $600 million for 19 aircraft stuck in Russia. The …
MS Amlin Appoints TMK’s Evans as Senior Underwriter, Marine Reinsurance MS Amlin Underwriting Ltd., the Lloyd’s market re/insurer, announced the appointment of Paul Evans as senior underwriter Marine Reinsurance. Evans will take up the role on Nov. 1 and will …
Airbus and Qatar Airways return to court on Friday as a contractual and safety dispute over A350 passenger jets descends into a tug-of-war over confidential documents while the sums at stake in their unprecedented falling-out top $1.5 billion. Qatar Airways …
Ukrainian foreign ministry officials on Sunday traveled to inspect the site where a Ukrainian cargo plane crashed overnight in northern Greece, en route from Serbia to Jordan and on to Bangladesh. The envoys will help local authorities and emergency services …
The European Union’s top aviation safety regulator said on Tuesday that he is “very worried” about the safety of Western-made aircraft continuing to fly in Russia without access to spare parts and proper maintenance. The European Union and the United …
Europe’s top aviation safety regulator said on Tuesday he had seen no evidence that paint or surface erosion on A350 jets, which are at the center of a legal dispute between Airbus and Qatar Airways, represented a safety issue. The …
