Analysis-Aircraft lessors gird to battle insurers over Russia jet default

Published by
Reuters UK

By Padraic Halpin, Conor Humphries and Tim Hepher DUBLIN (Reuters) – Lessors with hundreds of jets stuck in Russia are preparing for what one said would be a “vigorous” pursuit of insurance claims while maintaining discreet contact with some customers after Moscow blocked the jets from leaving. The loss of over 400 leased planes worth almost $10 billion since Western countries sanctioned Russia has led to a string of lessors writing down hundreds of millions of dollars in recent weeks. But the lessors, speaking at a major industry conference in Dublin, said they may have to wait years to find …

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