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

High court in London rules companies can recover losses from insurers for aircraft stuck since invasion of Ukraine

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.