Aircraft leasing giants Avolon and BOC settle lawsuits over stranded jets in Russia

High Court is hearing €2.5bn claims from several aviation parties since June

Avolon and BOC Aviation, two of the world's largest aircraft lessors, have settled lawsuits in the High Court in Dublin against insurers over jets stranded in Russia following sanctions in 2022.

Avolon and BOC Aviation, two of the world's largest aircraft lessors, have settled lawsuits in the High Court against insurers over jets stranded in Russia following Western sanctions in 2022, they said on Friday.

A High Court trial concerning around €2.5bn of insurance claims began last June.