July 10, 2023
More than 40 aviation leasing firms, locked in a battle with insurers over who should bear up to $10 billion in costs for 400 jets stuck in Russia, are urging the High Court to allow a reinsurance dispute to be …
March 13, 2023
Insurers led by AIG succeeded in their attempt to merge several lawsuits brought by aircraft lessors over outstanding claims for jets that have been left out of reach in Russia. Judge Christopher John Butcher at London’s High Court said he …
March 3, 2023
Aircraft lessor AerCap said on Thursday it had been approached by Russian airlines and their insurance companies about possible settlements for planes stranded after the Ukraine invasion but that it was unclear if any deal could be reached. Western sanctions …
December 27, 2022
Russian airlines have held exploratory talks with at least one major Western leasing firm about using state funds to buy some of the more than 400 aircraft stranded in Russia after its invasion of Ukraine, according to documents and sources. …
November 30, 2022
Aircraft leasing firms are suing dozens of insurers for around $8 billion in a string of lawsuits over the loss of hundreds of aircraft stuck in Russia since Moscow’s invasion of Ukraine. More than 400 leased planes worth around $10 …
November 22, 2022
Aircraft leasing firms are suing dozens of insurers for around $6.5 billion in a string of lawsuits over the loss of hundreds of aircraft stuck in Russia since Moscow’s invasion of Ukraine. More than 400 leased planes worth around $10 …
May 16, 2022
Russia’s biggest airline, Aeroflot, said on Friday it had bought eight Airbus A330 aircraft from foreign leasing companies “as part of the fulfillment of contractual obligations.” More than 400 aircraft leased from Western firms, worth almost $10 billion, have been …
May 11, 2022
Lessors with hundreds of jets stuck in Russia are preparing for what one said would be a “vigorous” pursuit of insurance claims while maintaining discreet contact with some customers after Moscow blocked the jets from leaving. The loss of over …
April 15, 2022
An amendment to European Union sanctions last week created a potential path for some aircraft financiers to sell jets held in Russia to the airlines now operating them without permission. The measure, published April 8, will allow EU governments to …
April 13, 2022
Air Lease Corp. said on Tuesday it has 21 jets remaining in sanctions-hit Russia, two weeks after a Western deadline for global leasing firms to sever ties with the country’s airlines. All of the company’s aircraft leases to Russian airline …