As business disputes go, the fallout from Russia’s invasion of Ukraine looks set to be the summer blockbuster: six aircraft lessors taking on the might of the insurance industry, claiming total losses of circa €2.5 billion over beached aeroplanes. The Commercial Court hearing is set down for a six-month hearing in June. BOC Aviation, SMBC Aviation Capital, Jetair, Nordic Aviation Capital (NAC), and CDB Aviation are suing insurers that include Lloyds, Chubb, Fidelis and Starr under “war risks” and “all risks” policy documents. But more than money is at stake in the suit, a fact highlighted by a private court…
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