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Lawyers for the world’s largest aircraft lessor, Dublin-based AerCap, have insisted there is “not the slightest prospect” that a legal case related to billions of US dollars worth of aircraft could be “properly and fairly” tried in the Russian courts.
Aircraft leasing companies immediately turned to their insurers after their planes were stranded in Russia. But their refusal to cough up has set up a multi-billion pound court showdown.
AerCap raised its full-year earnings guidance and increased its share buyback programme by $500 million on Friday, on what the world's largest aircraft lessor described as robust demand from a... -October 27, 2023 at 07:38 am EDT - MarketScreener
A settlement worth $645m (€600m) to be paid to Dublin-based AerCap will see it release its claim to 18 seized aircraft trapped in Russia and may trigger a spate of deals.
The world’s largest aircraft leasing company – Dublin-based AerCap – is among a group of lessors that will strenuously oppose any efforts by insurance giants including Lloyd’s of London to see jurisdiction for claims involving billions of dollars worth of jets seized in Russia shifted to Moscow from London.