Aero-News Network: The aviation and aerospace world's daily/real-time news and information service
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Hide/Show Archive Navigation.

All News

January 11, 2023

Lloyd's of London Companies Sued Over Jet Lease

Russian Airline's Stranded Airbus Subject of Newest Addition to Stack of Lawsuits

Zephyrus Aviation Capital has sued Lloyd's of London's insurance syndicate to cover the loss of its 'stranded' Airbus leased to Yamal Airlines. The messy and protracted-to-be legal battle is just one of a growing number as lessors look to recoup billions of dollars in losses incurred in the political aftermath of Russian disentanglement. Western sanctions and Russian counters led to Russian-operated airlines being signed into the domestic register, effectively thumbing their nose at the original owners and claiming them for their own.

Read More





© 2007 - 2024 Web Development & Design by Pauli Systems, LC