As the clock runs down to Monday’s sanctions deadline for Russian airlines to hand back more than 400 leased planes worth almost $10 billion, foreign lessors are fast losing hope that they will get their aircraft back. Most of the …
Lloyd’s of London faces major claims this year from the conflict in Ukraine, but this will not create solvency difficulties, the commercial insurance market said on Thursday. Lloyd’s is talking to its market partners to understand their exposure related to …
Hundreds of companies have said they are withdrawing or suspending operations in Russia after its invasion of Ukraine, from energy producer Shell Plc to carmaker Hyundai Motor Co. to PwC, a global professional services firm. The following is a look …
A new Russian law on leased aircraft showed Moscow could “confiscate” planes and such a move might help it claiminsurance, Air Lease Corp AL.N said at a time when leasing firms risk writing off jets stranded in the sanction-hit country. …
LONDON –– The world’s top association of ship certifiers has withdrawn membership from the Russia Maritime Register of Shipping (RS) due to the impact of sanctions on Moscow after its invasion of Ukraine, in another blow to the country’s vital …
Aircraft lessor BOC Aviation Ltd 2588.HK believes a deadline giving lessors just over two weeks left to end contracts with Russian carriers due to sanctions over its invasion of Ukraine is “unrealistic,” a senior executive said on Thursday. “The EU …
Global leasing companies staring at an imminent sanctions deadline to repossess more than 400 jets worth almost $10 billion from Russian airlines have received mostly radio silence as experts warn of legal wrangling that could last a decade. Western bans …
HOUSTON —At least three tankers controlled by Russian maritime powerhouse Sovcomflot FLOT.MM that have been unable to deliver their cargoes due to Western sanctions have re-routed to the Bahamas, vessel tracking data showed on Monday. Russian state-owned Sovcomflot was blacklisted …
COPENHAGEN —Shipments of foodstuffs and medical supplies to Russia risk being damaged or spoiled due to significant delays at ports and customs, shipping group Maersk MAERSKb.CO told its customers on Wednesday. Maersk and two other large container lines have temporarily …
LONDON–Britain should pass a law regulating self-driving vehicles and include sanctions for companies if anything goes wrong when their vehicles take over control from human drivers, two independent governmental bodies said on Wednesday in a report. The report by the …