Lessor ALC (Air Lease Corp) announced that it is writing off the value of 27 aircraft that are still in the hands of Russian operators. Russia’s invasion of Ukraine saw dramatic changes in commercial aviation. Perhaps the most long-lasting of these will be the need...
Airlines in Russia may have seized their leased jets, but lessors seem to shrug off this upset, announcing sizeable orders for new aircraft. We have repeatedly seen the all-encompassing effects of Russia’s invasion of Ukraine. The resulting sanctions are affecting the...
Airlines and lessors may soon face a substantial hike in insurance costs after lessors made insurance claims for aircraft seized in Russia. Last week, we saw that Ireland-based AerCap, the world’s largest lessor, made an insurance claim worth $3.5 billion. This claim...
Even if sanctions end soon, aircraft lessors say that they may be reluctant to return to Russia, after the actions of Russian authorities. After its invasion of Ukraine, the European Union, Canada, the US and others placed sanctions on Russia. As a result, lessors in...
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