Irish aircraft leasing firm AerCap wins $1bn in insurance dispute over jets taken by Russia

London court rules in favour of several other aircraft lessors in multi-billion-euro legal dispute over jets retained in Russia after invasion of Ukraine

London's High Court on Wednesday ruled in favour of Irish company AerCap, the world's biggest aircraft leasing firm, and several other aircraft lessors in a multi-billion-euro legal dispute over jets retained in Russia since the 2022 invasion of Ukraine.

The world's largest aircraft lessor, Irish firm AerCap, can recover over $1bn (€870m) in relation to jets stuck in Russia since the invasion of Ukraine, London's High Court ruled on Wednesday, though that is less than the roughly $2bn (€1.75bn) it sought.

The court ruled broadly in favour of leasing companies in a multi-billion-dollar legal dispute with insurers, following a mammoth trial of one of the biggest insurance disputes ever heard in London which concluded in February.