Finance, Taxes, Insurance
Insurers Face Losses Due To Grounded Aircraft in Russia
The hard aviation insurance market could become harder if Russia confiscates the more than 500 airplanes in the country owned by non-Russian lessors.

The already hard aviation insurance market could become even harder if Russia confiscates the more than 500 airplanes in the country that are financed or owned by non-Russian lessors and have been stranded by Western sanctions against Russia. Insurers and reinsurers are thus faced with potential claims as high as $10 billion, which for aircraft owners/operators would result in increased premiums, additional exclusion clauses, and more dropped policies, according to Fitch Ratings.