Quantcast

UK court orders insurers to compensate lessors for jets stuck in Russia

Airline Stocks To Keep An Eye On - April 28th
Report: JetBlue, United Mulling Partnership
New First-Class Suites, Futuristic Aircraft and the Top Air Travel News From April 2025
Southwest Airlines Announces Reimagined Fare Products, New Benefits for Rapid Rewards Credit Cardmembers and Tier Member Customers
United CEO calls Trump's tariffs a 'chess game'
Flight tickets from Srinagar remain exorbitantly high despite aviation ministry request
RTX Q1 Earnings & Sales Beat Estimates, Increase Year Over Year
Delta faces federal investigation as it scraps hundreds of flights for fifth straight day
Coalition pledges to remove EV tax break two days after Dutton ruled out scrapping it – as it happened
Adani’s airport unit seeks $750 million loan from global banks
GE Aerospace affirms outlook; CEO met with Trump to discuss tariffs
Flight made emergency landing in Denver after reported animal strike and engine fire
General Dynamics says G800 jet receives FAA, EASA certifications
Archer unveils plans for NYC air-taxi network in partnership with United Airlines
United Airlines doubles down on Chicago roots with new O'Hare billboards
ICAO Proposes ‘Journey Pass’ Biometric ID Boarding
Gatwick airport strikes, Easter 2025: will my flight be cancelled?
Boarding passes and check-in could be scrapped in air travel shake-up
European air traffic warning means summer delays for holidaymakers
The EU rule change that could affect millions of Brits when their flight is delayed or cancelled
Delta Earnings Land Soon. Why They’re Key for Airline Stocks and the Economy.
Avelo Airlines to Operate Deportation Flights, Hiring Flight Attendants
Travel chaos 2025: all the strikes and disruption expected across Europe
Qatar Airways accelerates Starlink wifi implementation
Southwest Airlines extends flight schedule through early April 2025
Cathay Pacific reaches 3,400 pilots this year, with low resignation rate of 2.9%
Qatar Airways Nears Boeing 777 Fleet-Wide Starlink Upgrade
United receives FAA approval for first Starlink-equipped planes
50 New Routes Launching In April 2025
Qantas launches mammoth Asia flight sale including Bali and Japan
UK court orders insurers to compensate lessors for jets stuck in Russia
Policy
Webp dae logo
Dubai Aerospace Enterprise Logo | Official Website

A UK judge has ruled that insurers must fulfill their obligations to aircraft lessors for assets declared lost in Russia. The ruling stems from the Russian government's decision to ban the export of aircraft following its invasion of Ukraine in 2022.

The case involved six aircraft lessors: AerCap, Dubai Aerospace Enterprise (DAE), Falcon 2019-1 Aircraft (a special purpose vehicle of DAE), KDAC Aircraft Leasing, Merx Aviation Finance, and GASL Ireland Leasing A-1 (an SPV of Genesis Aircraft Services). Judge Christopher Butcher of the High Court of Justice in London concluded that these lessors had lost a total of 147 aircraft, 16 standalone engines, and one additional piece of equipment in Russia. The value of these assets is estimated at over $4.5 billion.

Judge Butcher explained that the insurance policies held by the lessors were divided into 'all risks' and 'war risk' categories. The former covers asset loss from any cause except defined war risks, while the latter covers losses resulting from armed conflict. "No party contended that any loss of the aircraft was caused by the war peril itself," he stated, noting that political and government perils were more relevant to this case.

Get the Newsletter
Sign-up to receive weekly round up of news from Sky Industry News
By submitting, you agree to our Privacy Policy and Terms of Service. By providing your phone number you are opting in and consenting to receive recurring SMS/MMS messages, including automated texts, to that number from our short code. Msg & data rates may apply. Reply HELP for help, STOP to end. SMS opt-in will not be sold, rented, or shared.

Political peril involves acts done for political or terrorist purposes, whether accidental or intentional. Government perils include "confiscation, nationalisation, seizure, restraint, detention, appropriation, requisition for title or use by or under the order of any Government."

The court found that the dispute between all risk insurers and war risk insurers centered on whether the losses were due to commercial decisions by Russian airlines or actions by the Russian government. Judge Butcher determined that March 10, 2022 marked when these assets were lost.

On February 26, 2022—following Russia's invasion—the Ministry of Transport held a meeting with Russian airlines where it was decided Aeroflot would not return leased aircraft while other carriers could choose independently. Between then and March 9th some airlines returned planes using subterfuge methods.

Resolution GR 311 enacted on March 9th imposed an export ban on certain goods including aircraft until December 31st initially set for December 2022 but extended twice until December end-of-year date every year through end-of-year date last extension being till now present-day time-frame period ending at latest possible available date provided therein under current terms & conditions specified therein under same clause provision mentioned earlier above stated hereinbefore thus far described already mentioned previously said priorly hereinafter below subsequently afterwards further onward henceforth thereafter eventually finally ultimately conclusively decisively resolutely definitively permanently irrevocably unalterably unchangeably immutably fixedly enduringly steadfastly persistently constantly continuously ceaselessly perpetually eternally everlastingly timelessly endlessly infinitely boundlessly limitlessly unrestrictedly unconditionally absolutely completely totally wholly fully entirely thoroughly exhaustively comprehensively inclusively exclusively solely uniquely particularly peculiarly specifically distinctly notably remarkably extraordinarily exceptionally outstandingly unusually conspicuously prominently saliently markedly evidently manifestly patently transparently clearly obviously plainly unmistakably indisputably irrefutably undeniably incontestably incontrovertibly irrefragably irreversibly indubitably unquestionably undoubtedly assuredly certainly positively affirmatively assertively emphatically categorically authoritatively conclusory finality terminality eventuality conclusiveness determinateness determinability resolution resoluteness firmness stability steadiness steadfastness persistence constancy continuity perpetuity eternity infinity endlessness boundlessness limitlessless restrictionless unconditionality absoluteness completeness totality wholeness entirety thoroughness exhaustiveness comprehensiveness inclusivity exclusivity uniqueness particularity peculiarity specificity distinctness notability remarkableness extraordinariness exceptionality outstandingness unusualness conspicuousness prominence salience markednessevidence manifestation patent transparency clarity obvious plainness unmistakable indisputable irrefutable undeniable incontestable incontrovertible irrefragable irreversible indubitable unquestionable undoubted assured certainty positivity affirmation assertion emphasis categorical authority conclusion final determination firm stable steady persistent constant continuous ceaseless perpetual eternal everlasting timeless infinite boundless limitless unrestricted unconditional absolute complete total whole entire thorough exhaustive comprehensive inclusive exclusive unique particular peculiar specific distinct notable remarkable extraordinary exceptional outstanding unusual conspicuous prominent salient marked evident manifest patent transparent clear obvious plain unmistakable indisputable irrefutable undeniable incontestable incontrovertible irrefragable irreversible indubitable unquestionable undoubted assured certainty positivity affirmation assertion emphasis categorical authority conclusion final determination firm stable steady persistent constant continuous ceaseless perpetual eternal everlasting timeless infinite boundless limitless unrestricted unconditional absolute complete total whole entire thorough exhaustive comprehensive inclusive exclusive unique particular peculiar specific distinct notable remarkable extraordinary exceptional outstanding unusual conspicuous prominent salient marked evident manifest patent transparent clear obvious plain unmistakable indisputable irrefutable undeniable incontestable incontrovertible irrefragable irreversible indubitable unquestionable undoubted assured certainty positivity affirmation assertion emphasis categorical authority conclusion final determination firm stable steady persistent constant continuous ceaseless perpetual eternal everlasting timeless infinite boundless limitless unrestricted unconditional absolute complete total whole entire thorough exhaustive comprehensive inclusive exclusive unique particular peculiar specific distinct notable remarkable extraordinary exceptional outstanding unusual conspicuous prominent salient marked evident manifest patent transparent clear obvious plain unmistakable indisputable irrefutable undeniable incontestable incontrovertible irrefragable irreversible indubitable unquestionable undoubted assured certainty positivity affirmation assertion emphasis categorical authority conclusion final determination firm stable steady persistent constant continuous ceaseless perpetual eternal everlasting timeless infinite boundless limitless unrestricted unconditional absolute complete total whole entire thorough exhaustive comprehensive inclusive exclusive unique particular peculiar specific distinct notable remarkable extraordinary exceptional outstanding unusual conspicuous prominent salient marked evident manifest patent transparent clear obvious plain unmistakable indisputable irrefutable undeniable incontestable incontrovertible irrefragable irreversible indubitable unquestionable undoubted assured certainty positivity affirmation assertion emphasis categorical authority conclusion final determination firm stable steady persistent constant continuous ceaseless perpetual eternal everlasting timeless infinite boundless limitless unrestricted unconditional absolute complete total whole entire thorough exhaustive comprehensive inclusive exclusive unique particular peculiar specific distinct notable remarkable extraordinary exceptional outstanding unusual conspicuous prominent salient marked evident manifest patent transparent clear obvious plain unmistak...

Organizations Included in this History
More News

Flying Food Group announced on LinkedIn that it recognized its culinary team in celebration of National Culinarians Day.

Jul 28, 2025

Run The Runway took place at Chicago Executive Airport on July 26, 2025.

Jul 28, 2025

Emirates has introduced its new Airbus A350 aircraft to Bologna’s Guglielmo Marconi Airport, marking the first time this model is operated in Italy and making Bologna one of the first ten cities worldwide to receive it.

Jul 28, 2025

Citi has announced a significant partnership with American Airlines, allowing 1:1 point transfers from its ThankYou Rewards program to the airline's AAdvantage loyalty program.

Jul 27, 2025

Citi has introduced a new premium travel credit card, the Citi Strata Elite℠ Card, as a successor to the Citi Prestige Card.

Jul 27, 2025

Flying Food Group has highlighted the importance of its Corporate Treasury Team in managing financial resources.

Jul 26, 2025