Aircraft lessors have sued multiple insurers and lessees in mainly European courts for billions of dollars over hundreds of aircraft stuck in Russia.
BOC Aviation said it was able to recover one leased plane and two of its four engines, while the two other planes and two other engines remained in Russia.In a 57-page decision, Liman said BOC Aviation had proven that the Russian government had “effected a seizure” of the planes and engines by keeping them from being used outside Russia, “save perhaps to areas in Ukraine or for the purposes of the war.
Similar arguments have been set out in other cases, but the lack of standardized terms and a tradition of contractual secrecy in the jet industry has made it difficult for lessors to pool their claims into one class action, industry sources say,The case is BOC Aviation Ltd v AirBridgeCargo Airlines LLC et al, US District Court, Southern District of New York, No. 22-02070.
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