Airlines and lessors are going to have to deal with significantly higher insurance costs over the coming years, as insurers try to cover what are expected to be billions of dollars of claims relating to leased airliners appropriated by Russia.
The U.S. Commerce Department sanctioned three Russian airlines—Aeroflot, Azur Air and UTair—on April 7, denying businesses or governments from doing any business with the carriers for at least 180 days.
European countries will need to make investments in high-technology weapons and larger munitions stocks if they are to be prepared for a high-intensity conflict, the CEO of missile manufacturer MBDA says.
As Russian forces began to substantially build up on the border with Ukraine, the U.S. intelligence community went to commercial satellite imagery providers with a favor to ask.
Online photos and video on April 3 confirmed the destruction of the first Russian Air Force Su-35S fighter during the five-week-old invasion of Ukraine.
Daily space-based imagery and services provider Planet Labs expects full-year revenue this fiscal year to be $170-190 million, practically 30% above last fiscal year, which was 16% above the year before.
Asia-Pacific countries are likely Russia’s best bet for securing spare aircraft parts—but with shrinking passenger demand, how many parts will it actually need?
British intelligence officials say they have seen evidence of low morale among Russian forces in Ukraine, with personnel sabotaging their own equipment and accidentally shooting down Russian aircraft.
The board of directors of the U.S. Export-Import Bank met for the first time under President Biden’s Senate-approved pick to run the bank, Reta Jo Lewis, and quickly doled out financial assistance for Boeing’s embattled airliner supply chain.
While the immediate effects of the Russia-Ukraine war appear to be limited on European air travel demand so far, the invasion has the potential of creating a multi-layered fallout that may have longer-lasting effects than the pandemic.
As Russia’s invasion of Ukraine continues and millions flee their homes, members of the business aviation industry around the world are privately and publicly lending support with their aircraft, services and funds.
AerCap is the most exposed of any Western lessor to recent developments in Russia with a fleet of 135 aircraft and 14 engines leased to customers in the country.
As the EU enforces sanctions against Russia for its invasion of Ukraine, Europe’s air transport industry has new problems to solve, ranging from the financial health of its carriers to air traffic management and a post-war relationship with Russia.
