AirBridgeCargo lessors sue insurers over aircraft 'seized' and stuck in Russia
Aircraft insurers are being sued in Dublin and London by leasing companies unable to reclaim ...
AirBridgeCargo (ABC) may have dodged a bullet by giving up its two planned Il-96-400Ts to Sky Gates Airlines, which will be acquired by Russian passenger carrier Red Wings.
One aircraft expert said the ex-Polet aircraft were very challenging freighters to operate economically, and had significant design flaws. However the breakdown of the deal, on which ABC had already paid insurance deposits, according to Russian media, leaves ABC without aircraft.
One insider said the carrier now had few, if any, options remaining.
One source ...
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