by AIP Online Bureau | Feb 1, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Lessors have been suing dozens of insurers over losses of at least $8 billion over the trapped planes, with vast court trials scheduled in Dublin in June and London in October. Some are also being heard in U.S. states Aircraft leasing firms have secured settlements...
by AIP Online Bureau | Jan 21, 2024 | International News, Non-Life, Risk Management
Russian aviation authorities said in a statement the plane was a charter ambulance flight traveling from India, via Uzbekistan to Moscow on a French-made Dassault Falcon 10 jet manufactured in 1978 Russian aviation authorities said on Sunday a Russian-registered...
by AIP Online Bureau | Jan 18, 2024 | Eco/Invest/Demography, International News, Policy
Russia has allocated an additional 107.7 billion roubles ($1.23 billion) from its rainy day fund to a state company that has been purchasing aircraft from foreign lessors, the finance ministry said on Wednesday. The ministry said it had purchased bonds of NLK-Finance,...
by AIP Online Bureau | Nov 14, 2023 | International News, Non-Life, Reinsurance
Singapore-based BOC Aviation began legal action in November 2022 in Dublin in pursuit of claims against 16 insurers over aircraft the lessor owned that have been stuck in Russia, an Irish High Court filing shows Russian flagship carrier Aeroflot said on Thursday it...
by AIP Online Bureau | Oct 26, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
One tier relies on vessels known as the ghost fleet that are past their traditional lifespans, meaning they are at greater risk of leaks and spills. The other tier comprises mainstream vessels that use Western services for legal oil shipments, including from Russia...
