Aircraft lessors prepare for ‘mega trial’ in row with insurers over planes stuck in Russia
AIG, Chubb and Lloyd’s of London among those facing multibillion-dollar claim, including from Dublin-based Aercap
Aercap
Aircraft lessors battle their insurers for billions of euro in compensation for planes stuck in Russia
Dublin-based aircraft leasing companies are seeking billions of euro in compensation for aircraft stuck in Russia
AerCap signed more than 160 leasing deals in second quarter
Dublin-based lessor, the biggest player in its global industry, also completed 37 sales, including 29 aircraft
Lawyers strike gold as Russia’s plane seizures spark lucrative litigation in Dublin
Legal action over valuable leased aircraft stranded in Russia generating €1 million in brief fees – plus €6,000 a day – for top commercial lawyers
Mammoth aircraft insurance case to begin today
Case tied to aircraft worth $2.5bn stranded in Russia after Ukraine invasion
Irish aircraft leasing giant AerCap delivered record income last year
Board approved new share repurchase programme of up to $500m of ordinary shares
AerCap confirms cybersecurity attack
Irish group says it suffered no financial loss as a result of the hack
AerCap says Boeing’s financial targets must ‘take back seat’ in focus on safety
Boss of world’s biggest aircraft leasing company warns that US plane maker cannot afford another mistake
Insurers must provide documents to lessors suing over cover for planes held in Russia, court rules
Aircraft valued above €1bn not returned when companies sought relocation following Russia’s invasion of Ukraine
Irish lessor AerCap agrees $645m settlement over Aeroflot jets stranded in Russia
Leasing giant said it had received full settlement of claims relating to 17 aircraft
US law firms seek plaintiffs for legal actions against AerCap
Firms say they intend taking class action lawsuits in the US over share price slump following Russian seizure of planes
Airlines rush to avoid flight cancellations after Airbus engine recall
More than 1,000 Pratt & Whitney engines are affected, forcing carriers to change schedules and ground aircraft
Aercap profits grow 75% to €541m
Strong demand leaves Irish aircraft lessor confident for the rest of the year
Court to decide whether insurance case over jets stranded in Russia will be heard in England or Moscow
Single hearing in February will deal with jurisdiction issue relating to 40 claims by lessors over loss of aircraft following Russia’s invasion of Ukraine
Irish aircraft lessors take Russian losses claim to court
Judge to deal with row over jurisdiction as aviation businesses pursue insurers
Saudi buyer linked to Standard Chartered’s Irish jet lessor
UK bank indicated in January that would sell Dublin-based aircraft finance business
AerCap signs lease agreements for two used Boeing 737-8 Max aircraft
Dublin-based lessor said it had finalised the deal with ASKY, the pan-African airline headquartered in Togo
AerCap says aircraft delivery delays boosting leases, sales
Lessor sold 32 planes between January and March, its third busiest quarter by value in the last four years
Jet lessors likely ‘face two year wait’ for insurance cash on planes in Russia
Dublin-based lessors seeking insurance payments for planes stranded in Russia amid Ukraine war
Government should expand controversial executive tax break, accountants say
Report calls for longer tax break covering more staff and including accommodation costs in move to boost Republic’s lucrative aircraft leasing business
Russian losses leave AerCap with €685m deficit
Dublin-headquartered aircraft lessor completed a record 299 deals in the final quarter of 2022
Consumers prioritising travel, says aviation executive
Recession seems unlikely to hinder aviation recovery, asserts AerCap chief
Triumph, disaster and chaos: the business world’s winners and losers of 2022
In a year of permacrisis, some struggled, some adapted and some had a merry old time
Russia explores buying stranded jets from western leasing firms
Some 400 jets stranded by war, many of which are registered in the Republic
Dublin-based SMBC is latest aircraft lessor to sue over lost planes in Russia
Asian-owned leasing company joins growing list of firms suing over planes stuck after Russian invasion of Ukraine
‘Significant’ new wave of food inflation expected amid strengthening US dollar
Seen & Heard: Wind farm finance; Lansdowne Place legal claims; Dublin Airport’s north runway; Louis Fitzgerald restaurant plans, AerCap’s insurance battle, KBC staff transfer
Dublin-based BOC Aviation sues over leased aircraft lost in Russia
Asia’s largest aircraft lessor becomes latest firm to sue insurers over seized aircraft
Irish arm of former aircraft lessor GE Capital posts €1.4bn profit
Company was taken over by AerCap last year
AerCap boosts earnings outlook after strong demand
Dublin-based aircraft lessor says it will raise its full-year adjusted earnings per share estimate
Pimco backs new aircraft leasing venture
Former GECAS and PK Airfinance executives launch High Ridge Aviation
Aercap completes almost 250 deals in Q3 of this year
Rival Avolon agrees landmark financing with Malaysia Airlines
Avolon completes executive reshuffle following founder’s departure
After 12 years in the role, Dómhnal Slattery announced in July that he would stand down
Aircraft lessor AerCap faces €3.5bn fight with insurers over stranded Russian planes
Legal battle waged by Dublin-based group, the world’s biggest aircraft leasing company, is likely to be a test case for other claims
YOU MAY ALSO LIKE...
Crosswords & Puzzles
Crosswords & puzzles to keep you challenged and entertained
Election 2024
Full general election coverage including analysis and results for all 43 constituencies
Common Ground
How does a post-Brexit world shape the identity and relationship of these islands
Family NoticesOpens in new window
Weddings, Births, Deaths and other family notices