aircraft

English Court Says Sanctions Did Not Prevent Bank from Paying under LCs

Further to previous reporting (“Aviation Company Says Bank Wrongfully Dishonored LCs Backing Russian-Leased Planes”, April 2022 DCW 6), the Commercial

Insurers Contest DAE Claim over Aircraft Stranded in Russia

Lloyd’s of London, AIG, Chubb, Swiss Re, and seven other insurers contend that they are not obligated to pay

Co-Conspirator of CEO of Nigerian Airline Placed Under House Arrest

Majority of Jets Leased to Russia Remain Unrecovered

Foreign leasing companies which have supplied Russia’s airline industry with more than half of its 980 aircraft fleet recovered “only a fraction” of the jets