Some aircraft lessors are looking to set up own insurance, Air Lease says

Air Lease

13/01/2025 11:11

DUBLIN, Jan 13 (Reuters) - Some aircraft lessors are
looking at self-insurance to escape from major inflation in
insurance rates that has followed the war in Ukraine and recent
accidents, the executive chairman of Air Lease Corp  AL.N  said
on Monday.
     "I expect that all rates will go up. Liability rates will
go up. And some lessors are looking at self insurance, where you
set aside a certain fund for unexpected events," Steven
Udvar-Hazy told the Airline Economics conference. 
    Air Lease is one of the five largest global aircraft
lessors. 

 (Writing by Conor Humphries
Editing by David Goodman
)
 ((conor.humphries@thomsonreuters.com; +353 1 236 1915;))