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Leased Aircraft Stranded in Russia: A Survey of the Pending Insurance Claim Litigation in Different Jurisdictions

January 3, 2023

Via: JD Supra

Following Russia’s invasion of Ukraine on 24 February 2022 and subsequent introduction of sanctions by the EU and the UK prohibiting any leasing activities in the aviation industry to any person in Russia or for use in Russia, aircraft lessors issued notices terminating the leasing of aircraft (and spare engines) to airlines in Russia and requiring that the airlines return the assets. In most cases the lessees have failed to return the aircraft. Later, the Irish Aviation Authority and the Bermuda Civil Aviation Authority (most such aircraft being registered in Ireland or Bermuda) suspended the certificates of airworthiness of such aircraft.

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