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The Guardian - UK
The Guardian - UK
Business
Lisa O'Carroll

Aircraft leasing firms win multibillion-dollar lawsuit over planes ‘lost’ in Russia

Butcher Russia Lawsuit United States AerCap London DAE Ukraine United Kingdom
A AerCap Boeing 737 max 8 in midflight
AerCap, the world’s largest aircraft lessor, brought a claim in respect of 116 aircraft and 15 engines, according to the court papers. Photograph: Boeing

Aircraft leasing companies have won a multibillion-dollar lawsuit against insurers in relation to planes stranded in Russia after the invasion of Ukraine in February 2022.

The high court in London ruled in favour of six leasing firms including Ireland’s AerCap and Dubai Aerospace Enterprise (DAE) that had brought a $4.7bn (£3.4bn) lawsuit in one of the biggest insurance disputes ever heard in the UK.

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