milkovasa - stock.adobe.com
Aircraft traveling through Ukrainian airspace will no longer be insured by international insurance companies from Feb. 14, forcing flights to be grounded or canceled, according to Ukrainian publication Ukrainska Pravda.
The outlet quoted information from unnamed sources in the aviation industry.
Anatoliy Ivantsiv, head of Ukrainian insurance firm Expo, told Interfax that British reinsurance giant Lloyds announced it would temporarily cease all conflict risk insurance over Ukrainian airspace from Feb. 14.
Ukraine’s infrastructure ministry announced on Feb. 13 that it would provide “additional financial guarantees” to carriers to ensure the continuation of international routes.
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