Irish aircraft leasing company sues insurers for $28M over jet held in Russia
An Irish aircraft leasing company has sued a Lloyd’s of London syndicate and another insurer for $28.7 million in London… Read More »
Russia’s Aeroflot buys 8 stranded Airbus A330 aircraft from leasing firms
Russia’s biggest airline, Aeroflot, said on Friday it had bought eight Airbus A330 aircraft from foreign leasing companies “as part… Read More »
Leasing companies file insurance claims on 100 airliners in Russia
Reuters is reporting that aircraft leasing companies are filing billions of dollars in insurance claims trying to reclaim the value… Read More »
Aircraft leasing company Avolon casts doubt on renting to Russian airlines again
The CEO of major aircraft-leasing company Avolon on Tuesday accused Russia of “robbery” after President Vladimir Putin’s government seized several… Read More »
US sanctions Russia’s SberLeasing
The US Department of Treasury Office of Foreign Assets Control (OFAC) has added the Russian state-owned bank Sberbank and 25… Read More »
UK High Court to Hear $10 Billion Aircraft Lessors’ Claims Against Reinsurers Over Grounded Russian Planes
The UK High Court has established its authority to preside over a $10 billion dispute involving aircraft lessors and several… Read More »
Aircastle Secures $43 Million Settlement from Russian Airlines Amidst Global Lease Disputes
In a notable development within the aviation leasing industry, Aircastle has announced a settlement agreement with two Russian airlines, amounting… Read More »
AerCap Secures $572 Million Insurance Settlement for Russian Airlines’ Aircraft
AerCap, the Irish aircraft lessor, has successfully received a USD 572 million insurance pay-out from Russian insurer Limited Liability Company,… Read More »