World’s largest aircraft lessors and insurance firms battle over compensation for jets stranded after Ukraine invasion
Sitting in a nondescript building near the high court in Dublin, about 40 cloaked barristers have gathered almost daily since June last year. At stake is €2.5bn (£2.1bn) worth of aircraft stranded in Russia after the invasion of Ukraine.
Behind multiple screens and a mountain of warehouse boxes they are fighting to determine who should pay for the losses – the aircraft lessors or the several insurance companies, including Lloyd’s, AIG and Chubb.
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Source link : https://www.theguardian.com/business/2025/jan/10/legal-fight-over-25bn-worth-of-aircraft-stuck-in-russia-plays-out-in-dublin
Author : Lisa O’Carroll in Dublin
Publish date : 2025-01-10 15:59:19
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