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Tag: aircraft leasing


Regulatory / Legal

SMBC Joins List of Aviation Lessors Suing Insurers Over Jets Stuck in Russia

November 29, 2022

Via: Insurance Journal

SMBC Aviation Capital has joined most of the world’s largest aircraft lessors in pursuing insurance claims through the courts over jets it owns that are stuck in Russia, an Irish High Court filing showed. Irish-headquartered SMBC recorded an impairment of […]


Geo-Political, Risk Management

Lessor SMBC recognises $1.6bn impairment on aircraft stranded in Russia

July 8, 2022

Via: Reinsurance News

Leading aircraft leasing firm, SMBC Aviation Capital, has said it is “unlikely” that it will be able to recover 34 owned aircraft stranded in Russia following the country’s ongoing invasion of Ukraine and subsequent sanctions, leading the company to recognise […]


News

Dubai Aerospace Files Insurance Claims of $1B for Aircraft Stranded in Russia

May 6, 2022

Via: Insurance Journal

The Middle East’s biggest plane-leasing firm wrote off half-a-billion dollars for aircraft stranded in Russia, after the Kremlin issued a law preventing foreign-owned jets from leaving the country without state permission. Dubai Aerospace Enterprise booked a $538 million write-off for […]


News

Aircraft Insurers Brace for Barrage of Russia Claims in Possibly Biggest Aviation Loss

March 18, 2022

Via: Insurance Journal

Aircraft-leasing firms working to retrieve planes from Russia are set to collide with an aviation-insurance industry bracing for an unprecedented barrage of claims. Lessors of planes stuck in Russia since the onset of sanctions have warned insurers of possible claims […]