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Some aircraft lessors are looking to set up own insurance, Air Lease says
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Some aircraft lessors are looking to set up own insurance, Air Lease says
Jan 13, 2025 4:06 AM

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 ) 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 ( AL ) is one of the five largest global aircraft

lessors.

(Writing by Conor Humphries

Editing by David Goodman

)

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