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…
Don’t miss out on what is going on with our daily unique stories from our team of skilled journalists and insightful commentators. Members of The Currency get full access to over 4,000 exclusive interviews, investigations, and analysis, plus over 460 podcasts. Annual membership is just €200 for the first year, a saving of €100. Or try The Currency for the first month for a special introductory rate of €5, a saving of €20. Cancel at any time. To become a member today click here.
Join The Currency
INTRODUCTORY OFFER: Full annual membership for just €200.