News / 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 aircraft stuck in Russia.

Insurer Lloyd’s of London is facing an $875m claim from Dubai Aerospace Enterprises, which had leased at least one aircraft to AirBridgeCargo (ABC), among other airlines.

Russia is thought to have seized some 500 foreign aircraft – which, according to UK media, could result in “a $10bn hit to the aviation insurance sector’s balance sheet”.

Cases are also being heard in Dublin, where BOC ...