On Friday, The Currency revealed that SMBC Aviation Capital, the world’s second-largest aviation lessor, lobbied the EU and the Irish government for a get-out clause on war sanctions that would allow leased jets stranded in Russia after the invasion of Ukraine to be sold to Russian airlines. The lobbying salvo emerged in papers filed as part of its lawsuit in the High Court against 11 of its insurers including Lloyds, Chubb, and AIG Europe for up to USD$1.75 billion after failing to retrieve 35 of its leased aircraft from Russia as a result of the sanctions regime. The case was…

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