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More than 75 planes of Indian carriers grounded due to maintenance, engine issues: Report

More than 75 planes of Indian carriers grounded due to maintenance, engine issues: Report

by AIP Online Bureau | Nov 1, 2022 | Indian News, Non-Life, Reinsurance

Significantly none of the domestic airlines, including two listed companies — IndiGo and SpiceJet — have so far made any public announcement on the grounding of the planes. “These will have a significant impact on financials in the second...

Lessors face legal quagmire as Russian plane repos stall

by AIP Online Bureau | Mar 9, 2022 | International News, Non-Life, Reinsurance

Western bans imposed after Russia’s invasion of Ukraine give most leasing firms until March 28 to sever ties with Russian airlines – sparking a game of cat-and-mouse from Asia to Africa as lenders frantically try to seize aircraft Leasing companies are...
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