Carlyle Aviation Partners said it sued a group of insurance companies and re-insurers claiming they failed to pay for losses stemming from the seizure of planes leased to Russian airlines following the invasion of Ukraine. Carlyle Aviation leased 23 planes to Russian airlines, including Izhavia and NordStar, and tried to repossess and relocate the aircraft as soon as Russia’s invasion …

Global stocks rallied as speculation that China may unwind its stringent Covid Zero policy fueled risk-on sentiment across markets. The dollar and Treasury yields fell ahead of a key Federal Reserve decision. US-listed Chinese stocks soared in premarket trading, tracking the rally in Chinese markets after an unverified social media post triggered speculation that Beijing is looking to phase out …

Abu Dhabi / Gulf Time Wizz Air Abu Dhabi, the ultra-low-fare national airline of the UAE, on Monday added Kuwait City to its ever-expanding network, its fifth key destination in the Gulf region. The new route will strengthen connectivity within the GCC by providing an alternative ultra-low fare travel option for passengers between the two Gulf countries. This falls in …