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2 mins read

Aircraft lessors could lose hundreds of planes stranded in Russia

Lessors have until March 28 to get their planes out of Russia, but an estimated $10.3 billion worth…

Taylor Rains   


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3 mins read

Russian airlines may soon resort to 'cannibalizing' planes and creating a 'Frankenstein fleet' to keep Western-built planes flying

Experts say Russia's airlines may have to take extreme measures to keep planes in the air as the co…

Taylor Rains   


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1 min read

Aircraft leasing company with 34 jets being held hostage by Putin takes $1.6 billion hit

SMBC Aviation Capital said it was unlikely to get back 34 aircraft in Russia when Putin invaded Ukr…

Ryan Hogg   


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An aircraft-leasing company says it will write off $800 million worth of jets stuck in Russia amid sanctions

"It is unlikely that the company will regain possession of the aircraft that have not been returned…

Zahra Tayeb   


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The world's largest aircraft leasing company has filed a $3.5 billion insurance claim over aircraft and engines stuck in Russia

The firm has managed to retrieve 22 of the 135 planes leased in Russia but over 100 jets remain.

Urooba Jamal   


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Aircraft-leasing companies are working out how to recall billions of dollars of airplanes from Russian airlines after EU sanctions

Aircraft-leasing companies cannot enter into new contracts and must terminate existing agreements w…

Huileng Tan   


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IndiGo shares rally over 9% after the company decides to lease back 12 of its aircrafts

The company also confirmed to Business Insider that "We are in discussion for sale and lease bac…

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1 min read

Go First insolvency: NCLAT to pass order on aircraft lessors' petitions on May 22

The bench also asked the parties to submit additional documents, if any, in the next 48 hours. …

PTI   


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4 mins read

The iconic flying boat that helped hunt down Axis warships during World War II is getting a new lease on life

As the US and other militaries prepare for a potential conflict in the Pacific, planes that can lan…

Michael Peck   


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HC allows Go First lessors to inspect aircraft, carry out maintenance

The Delhi High Court has allowed Go First's lessors to inspect their aircraft twice a month to carr…

PTI   


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Fly Leasing spikes 26% as Carlyle Group plans to take company private in $2.36 billion deal

"This transaction represents strong value for Fly shareholders at a time when airlines are facing a…

Isabelle Lee   


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6 mins read

Go First's insolvency flight leaves trail of concerns for aircraft lessors

At least 50 leasing companies have requested the return of leased planes from two Indian airlines i…

PTI   


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DGCA required to deregister aircrafts, Go First lessors tell Delhi HC

New Delhi, Several aircraft lessors of Go First pitched before the Delhi High Court on Friday for d…

PTI   


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Air India gets reprieve in UK court over aircraft lease payments

Judge Simon Salzedo, however, issued a strong rebuke to Air India for its "unsatisfactory and d…

PTI   


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Air India to spend over $400 mn to fully refurbish wide-body aircraft cabin interiors

It will also see the introduction of a premium economy cabin on both fleets. The first-class c…

ANI   


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National Company Law Appellate Tribunal to hear Go First lessors' plea today

NCLAT on Friday deferred the matter pertaining to Go First lessors' petition seeking a stay on a ba…

ANI   


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6 mins read

2 ocean-tech companies are competing in a multimillion-dollar race to find Amelia Earhart's wreckage. One says it may be near the finish line.

Deep Sea Vision and Nauticos are both ocean exploration companies hunting for Amelia Earhart's wrec…

Katherine Tangalakis-Lippert   


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4 mins read

Possibility of rival bids for Go Airlines? It is a hypothetical question: says CEO Kaushik Khona

Even though the Wadia group has approached the National Company Law Tribunal (NCLT) voluntarily to …

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2 mins read

The CEO of one of Boeing's biggest customers slammed the planemaker over missed deliveries

Ryanair CEO Michael O'Leary told investors in an earnings call that he thinks Boeing management is …

Taylor Rains   


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3 mins read

First GE-made Air India aircraft to be service ready in 2023 itself

The first of the Air India aircraft with GE engines are expected to be service ready in 2023 itself…

ANI