Analysts at Fitch Ratings have warned that insurers could face claims as high as $10 billion in a worst-case scenario due to the grounding of planes in Russia, with 30-40% likely to be passed on to reinsurers. More than 500 planes that are financed or owned by non-Russian lessors are stranded in Russia due to […]
The Russian government has enacted a law to deal with the issue of the over 500 government-owned and private aircraft stranded within the country as the country’s ongoing war with Ukraine rages. Analysts believe that the new legislation is Kremlin’s open rebuttal to sanctions imposed on it by several countries, especially the EU nations, following […]