Episode 58: The Impact of Aircraft Seizures by Russia to the Aviation Insurance Market
On March 14th, Russia passed a law that allows for the confiscation of all non-Russian-owned or financed aircraft in the country. Most airlines lease much of their equipment and there are estimated to be more than 500 aircraft that can be impacted. It is an estimated 10 to 15 billion dollars in losses to the international aviation insurance market. Given that the annual international aerospace insurance market worldwide is around $6 billion, this will be devastating to the aviation insurance market. Tune in to learn more!
By Tim|2022-11-28T05:02:11-06:00November 28th, 2022|Aviation Insurance Podcast|Comments Off on Episode 58: The Impact of Aircraft Seizures by Russia to the Aviation Insurance Market
Tim Bonnell Jr. is the Founder and President of Aeris Insurance Solutions. He is the author of the book Aircraft Insurance Fundamentals: A Concise Guide For Aircraft Owners and Operators. He’s a third-generation pilot and a second generation aviation insurance broker. Tim was raised in the aviation insurance industry and had the opportunity to learn it from the ground up. His formal education was completed at Kansas State University.
Tim is a private and instrument-rated pilot. He holds the Certified Insurance Counselor and Certified Aviation Insurance Professional professional designations. In 2014, he was installed into the inaugural class of the Aviation Insurance Association’s Eagle Society. Tim has served on the boards of directors for the Aviation Insurance Association, Kansas Agricultural Aviation Association, National Agricultural Aviation Association, and the Wichita Aero Club in addition to other community organizations.