The UK’s Supreme Court ruled against the Irish aircraft lessors in favour of the bank in a dispute over interest linked to letters of credit and planes stuck in Russia.
Engine lessor Willis Lease is suing Chinese aircraft lessor CALC, through its Irish entities, over an engine that it says has been poorly maintained and not returned.
EY aviation finance sector leader Niamh Tobin talks to The Currency about deal flow in the aviation industry, the challenges of tariffs and how Ireland can maintain its leadership role.
The SMBC-Air Lease deal has instilled confidence in the ability to get bumper aviation leasing deals done – and executives are showing little fear of over concentration.
Aviation firms have faced hurdles entering India but Europe’s new free-trade agreement will slash tariffs on aircraft and parts in a market that has seen its aviation sector balloon in recent years.
The European Commission has made overtures to AerCap but the lessor has not signalled any interest in investing in the defence sector.
Timaero, which is linked to sanctioned Russian bank VEB, has issued legal proceedings against Boeing in Ireland, on top of its long-running US lawsuit against the aviation giant.
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.
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