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Full coverage: Aircraft leasing

A full-throttled defence: Fighting a multi-billion Russian aviation claim

For seven days, the world's biggest aircraft lessors laid out their claims to recover losses on planes beached in Russia due to the war in Ukraine. From sanctions to settlements, the defendants will now argue why cover is being denied.

Francesca Comyn
20th Jun, 2024 - 7 min read

Demand and disruption: “The key challenges are accessing capital and sourcing metal”

As global airline profits bounce back near to 2019 levels, KPMG partner Joe O’Mara examines the factors driving this growth and the risks facing the global aviation industry, much of which is headquartered in Dublin.

Tom Lyons
29th Jan, 2024 - 9 min read

Lessors vs insurers: SMBC joins the long taxi to the courtroom

Last July SMBC Aviation wrote off $1.6 billion as 34 of its jets were marooned in Russia with little hope of recovery. It is now following a well-beaten path to the Irish High Court to pursue its claims against its insurers.

Rosanna Cooney
29th Nov, 2022 - 3 min read

Weekly wrap: LinkedIn’s $5.6bn gift to Microsoft, and aircraft stuck in Russia among fresh court battles

The current tech rout comes after LinkedIn Ireland posted another set of healthy results, prompting its owner Microsoft to extract massive value from the company. Meanwhile, more aircraft lessors are suing their insurers over planes seized by Russia, while separate new High Court proceedings pit major state bodies against international partners.

I. Kehoe and T. Hubert
4th Nov, 2022 - 3 min read

“We are at the ready”: Inside the Government’s joint battle with AerCap to salvage Russia insurance cover

When European sanctions hit aircraft leasing companies’ Russian contracts, they stood to lose everything. Co-ordinated industry and diplomatic lobbying resulted in their insurers being on the hook instead, new documents reveal.

Thomas Hubert
28th Jul, 2022 - 10 min read

Domhnal Slattery exits Avolon cockpit

Domhnall Slattery founded Avolon in 2010 as his own "Phoenix from the flames" after the financial crisis hit his investment business hard. He is retiring from a company among the largest in the global aircraft leasing industry.

Tom Lyons
26th Jul, 2022 - 3 min read

The Irish unit of Russia’s largest leasing firm is defaulting on its bonds. Investors are lawyering up

Following recent missed payments on debts totalling $2.75 billion, bondholders including a British investment firm with Irish connections are considering their options against GTLK Europe.

Thomas Hubert
1st Jul, 2022 - 3 min read

As lessors contemplate aircraft losses, Russia’s largest bank sells its Irish aircraft leasing unit

Russia’s largest bank has sold its Irish aircraft leasing unit in the face of sanctions, with a new mystery backer appearing on its books. Meanwhile, Irish lessors threatened with the seizure of their Russian-based aircraft are combing through their insurance contracts.

S. Keyes and T. Hubert
15th Mar, 2022 - 5 min read

Moscow and the IFSC: Russia’s largest bank forced into emergency landing at Irish aircraft leasing operation

As it pulls out of European banking markets, state-owned Sberbank is also unwinding finance arrangements for dozens of airliners leased to Russian clients out of a business park in Co Kildare.

Thomas Hubert
3rd Mar, 2022 - 3 min read

“As soon as restrictions lift, the pent-up demand is obvious and travel bounces back very strongly”

Airlines have cut losses in 2021 but remain exposed to the pandemic and dependent on government supports. Yet KPMG's aviation finance chief Joe O'Mara explains that successive Covid-19 waves have revealed the aviation industry's ability to rebound.

Tom Lyons
18th Jan, 2022 - 13 min read
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