The liquidation of Pan JSC started in 2017 and has finally finished up. The company was financed by a bank which was recently embroiled in an international money-laundering crackdown.
Having bowed out of insurance litigation last May, CDB Aviation has been settling with insurers on its beached Russian assets. But one case that went the distance looks set to deliver a multi-million euro payout.
The family business, run from Limerick, works with airlines and lessors to move aircraft engines and parts around the world and has more than €38 million in turnover.
Alan Doyle kicked off Aerlytix in 2020 in the midst of Covid challenges and aviation’s shutdown but in the last five years it has raised over €10m and is now plotting a major product expansion.
Timaero Ireland Limited sued Boeing over six years ago. Now the aircraft maker has accused the company, linked to a sanctioned Russian bank, of frustrating discovery and depositions.
The Swiss company set up a Dublin base several years ago but the operations never fully took off. Now the company is shutting down the Irish subsidiary.
The lessor has settled with Nordwind and a Russian insurer for €91m in a dispute over five aircraft that were stranded in Russia since the start of the Ukrainian war.
The $28.2 billion takeover of Air Lease Corporation by a SMBC-led consortium marks one of the biggest shifts in global aircraft leasing — and firmly places Dublin at the heart of the industry’s future.
Irish entities for Carlyle Aviation Partners have ramped up their legal action against cash-strapped Air Sénégal, claiming arrears and damages over the alleged unpaid use of four Airbus.
Aircraft leasing is one of Ireland’s greatest economic success stories, but global competition is heating up. To stay ahead, policymakers must double down on what works.
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