The claim for an insurance payout on beached Russian plane and engine assets is made by subsidiaries of the Nasdaq-listed FTAI Aviation. It was previously made before the English courts.
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.
Global aircraft lessors are claiming billions in losses from aircraft detained in Russia following war sanctions. In a legal battle set to last six months, the Commercial Court got a first taste of why major insurers like Lloyds and AIG have declined cover.
Private equity is snapping up Irish insurance and wealth brokers, but Irish-owned LHK is bucking that trend. It has just closed its fourth acquisition.
The Dublin insurance tech start-up has partnered with insurer Vitality as it expands its presence in the British market and eyes the rest of Europe.
Talks are now at the stage where just one party, believed to be a private equity-backed investor with existing insurance interests, remains.
A summons was invalidly served on a British financial advisor alleged to have acted as a broker for Flatley in a 2018 insurance settlement, the High Court has ruled. The accountant claims Flatley told him he would drop the case against him.
Liquidators were appointed last May to GTLK Europe, an Irish-based subsidiary of sanctioned Russian transport leasing giant JSC GTLK. They are now claiming insurance cover on 37 jets stuck in the Russian Federation.
Scouting Ireland is facing serious financial issues and new estimates of how much its legal liabilities will cost reveal the scale of the crisis facing it in the years ahead.
They say their insurance policies were meant to pay out in 90 days for aeroplanes lost by acts of war. Yet nearly a year after Russia's full-scale invasion of Ukraine, some of the world's largest aircraft lessors are fighting tooth and nail for compensation.
© 2026 Currency Media Limited
