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(Re)Insurers capital unaffected by aircraft lessor settlement claims, says Fitch

(Re)Insurers capital unaffected by aircraft lessor settlement claims, says Fitch

by AIP Online Bureau | Jul 1, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

However, ongoing geopolitical uncertainty, including the Iran-Israel conflict, could lead to increased reinsurance costs and further reductions in capacity that could result in insurers further cutting their exposure. The ruling underscores the need for greater...
With India push, global commercial aircraft fleet size to double to almost 50,000 planes over the next 20 years

With India push, global commercial aircraft fleet size to double to almost 50,000 planes over the next 20 years

by AIP Online Bureau | Jun 12, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

The global in-service fleet will swell by 24,480 units to 49,210 aircraft in 2044, Airbus predicted in its latest global market forecast that includes both its own planes and those of rivals like Boeing Co. Most of the growth will come from single-aisle aircraft like...

Aircraft makers need to come out with SOPs for airlines to deal with GPS spoofing situations IATA

by AIP Online Bureau | Jun 3, 2025 | International News, Risk Management, Technology

Airlines have been reporting GPS interference with their flights in different parts of the world, especially while flying near or over conflict zones. New Delhi: Amid flights facing rising instances of GPS interference and spoofing, global airlines’ grouping...
Airlines say they are studying legal options over aircraft delivery delays

Airlines say they are studying legal options over aircraft delivery delays

by AIP Online Bureau | Jun 2, 2025 | Eco/Invest/Demography, International News

Willie Walsh, Director General, IATA Airlines would resist any attempt by planemakers or other suppliers to raise their prices due to tariffs, but that there were no signs of plane prices being pushed higher so far,IATA Director General Willie Walsh The airline...

Aircraft lessor SMBC proceeds from Russian jet insurance settlements hit $1.4 billion

by AIP Online Bureau | May 22, 2025 | International News, Non-Life, Reinsurance

That brought SMBC’s total recoveries from claims following the sanctions over Moscow’s war in Ukraine to $1.41 billion. It was one of six lessors that ended an Irish lawsuit against their insurers last month following a series of settlements Dublin: Aircraft lessor...
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