AerCap revealed that, after four years of war in Ukraine, its total recoveries from Russian airlines and insurers has reached $3bn – but the mission to recoup funds is far from over.
Lessor Orix is buying aviation aftermarket firm AerFin in a deal that will greatly expand Orix’s remit into spare engine and aircraft parts. Chief executive James Meyler explains more.
Rostrum Leasing has been locking horns with a Bahraini cargo carrier over fees for a Boeing aircraft. The lessor now intends to bring a winding-up petition against the airline in Bahrain.
Lessor Aeolus will take its legal action from Ireland to Italy in a bid to get its two aircraft engines back from Express Air Cargo, a Tunisian freight carrier.
Lie-flat seats in private pods face long waits for safety certifications, write Alison Sider and Benjamin Katz, The Wall Street Journal.
Timaero is linked to sanctioned bank VEB and its case against Boeing goes back nearly seven years. The aircraft maker claims the lessor has repeatedly failed to comply with discovery.
A judge in the US granted the aviation lessor summary judgment in a case taken by Monocoque Diversified Interests and had sharp criticisms for the case mounted by the consultancy.
Chinese but Irish-based lessor CALC continues its quarrel with Willis Lease Finance over an engine deal gone awry – questions abound about damage to the engine and when it was returned.
Nasser Al Tayyar, a prominent player in Saudi business that clashed with the crown prince, has a vast travel empire but a leasing business set up in Ireland is being put to bed.
Surprisingly, parties to a Libyan aircraft leasing agreement chose Ireland as their preferred jurisdiction in the event of a dispute. But when a dispute arose, matters weren't that simple.
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