Aviation lessors fight to stop insurance dispute hearings in Russia
LONDON (Reuters) – More than 40 aviation leasing firms, locked in a battle with insurers over who should bear up to $10 billion in costs for 400 jets stuck in Russia, are…
Garuda Indonesia wins lawsuit in Paris court against lessors
JAKARTA (Reuters) – State flag carrier Garuda Indonesia said in a statement on Thursday it had won a lawsuit in Paris civil court against two Ireland-based lessors Greylag 1410 and 1446. Garuda,…
Aircraft lessors cool on risky markets after $10 billion Russia blow
By Conor Humphries and Padraic Halpin DUBLIN (Reuters) – Aircraft leasing companies, which own most of the world’s passenger jets, face a tricky balance between risks and rewards after losing 400 planes…
Factbox-Aircraft lessors sue insurers for $8 billion over trapped Russian planes
(Reuters) – Aircraft leasing firms are suing dozens of insurers for around $8 billion in a string of lawsuits over the loss of hundreds of aircraft stuck in Russia since Moscow’s invasion…
SAS secures deals with two more lessors to cut aircraft costs
OSLO (Reuters) – Crisis-hit airline SAS said on Tuesday it had reached agreements with two more lessors representing seven aircraft in the company’s fleet to amend the terms of existing lease contracts.…
India’s SpiceJet settles with lessors for Boeing aircraft
BENGALURU – Indian low-cost carrier SpiceJet Ltd said on Tuesday it has entered into a settlement agreement with aircraft lessor Goshawk Aviation Ltd and its affiliates related to three Boeing aircraft. The…
Analysis-Aircraft lessors gird to battle insurers over Russia jet default
By Padraic Halpin, Conor Humphries and Tim Hepher DUBLIN – Lessors with hundreds of jets stuck in Russia are preparing for what one said would be a “vigorous” pursuit of insurance claims…
BOC Aviation says lessors seeing ‘horrendous’ hikes in insurance costs
By Padraic Halpin DUBLIN – The likely huge insurance claims related to the cancellation of aircraft leases in Russia is already leading to “horrendous” hikes in the cost of renewing policies, the…
Avolon says bruised jet lessors in no hurry to return to Russia
(Adds dropped word, paragraph 5) By Tim Hepher PARIS – Russian airlines could be frozen out of the aircraft leasing market well beyond the Ukraine conflict, one of the industry’s biggest players…
Vistara looks to lessors to fill long-haul gap amid 787 delays
By Aditi Shah NEW DELHI – Indian full-service airline Vistara is in talks with lessors about getting long-haul planes to cover a gap left by delays in Boeing 787 deliveries, chief executive…
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