Court information reveals that Russian airlines are probing for ways to buy the jets that they effectively hijacked from foreign lessors. Some interesting discussions and negotiations are taking place, regarding the fate of potentially hundreds of aircraft in Russia....
Multiple aircraft lessors and insurers are going head-to-head over the loss of hundreds of jets that airlines in Russia still won’t return. Russia’s invasion of Ukraine has now been going on for nine months. Obviously, the effects on Ukraine and its people are...
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...
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