AerCap, which leased Dublin from the plaintiffs, lost approximately $3.5 billion in profits due to the “loss” of aircraft leased from Russian airlines in Russia as a result of the imposition of sanctions after February 24, 2022. Against the backdrop of sanctions, the Russian side refused to return the leased aircraft, the aircraft were re-registered and Russian airlines continued to fly. Thus, 116 aircraft remained in Russia.
And there are many such cases. At the same time, AerCap describes the upcoming lawsuit as a “procedural nightmare”. But why, no answer yet.
Source: Ferra
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
