The joint liquidators of GTLK Europe, the Irish-based global aviation lessor formerly controlled by the Kremlin, are seeking compensation from insurers over the loss of 37 aircraft, valued at nearly €2 billion, stranded in Russia. The case against 10 insurance companies including Lloyds, Chubb, and AIG Europe, was fast-tracked into the Commercial division of the High Court on Monday. Ownership of the jets is in dispute, the court was told. The Russian state-owned JSC GTLK, subject to EU and US sanctions following the invasion of Ukraine on February 24, 2022, claims it is the registered legal owner of the aircraft…
Cancel at any time. Are you already a member? Log in here.
Want to continue reading?
Join today with an Annual membership and get full access to The Currency for just €200 (68c per day) or try monthly membership for just €5 for your first month.