The world’s largest aircraft lessor AerCap can recover more than $1 billion in relation to jets stuck in Russia since the invasion of Ukraine, London’s High Court ruled Wednesday, though that is less than the roughly $2 billion it sought.
The court ruled broadly in favor of leasing companies in a multi-billion-dollar legal dispute with insurers, following a mammoth trial in one of the biggest insurance disputes ever heard in London, which concluded in February.
The lawsuit had focused on almost 150 jets and some engines, previously with a total value of up to $4.7 billion, though settlements – including on the first day of
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