AerCap vs Insurers: Appeal Hearing for $1B Aviation Claims
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Show Notes
Insurers Challenge AerCap Ruling: Aviation Insurance Saga Continues
In a significant development, insurers Chubb, Fidelis, and Lloyds have been given the go-ahead to appeal a London courts decision favoring AerCap, the worlds largest aircraft lessor. The case revolves around jets trapped in Russia since the Ukraine war began. The High Court previously ruled that AerCap could only claim around one billion dollars from its war risks insurers, far less than the two billion it was seeking under a broader all-risks policy. This case is part of a larger multi-billion-dollar dispute between leasing firms and insurers. Despite several settlements, the appeal hearing, scheduled for up to five days in the Court of Appeal, will keep the aviation insurance saga in the spotlight as the outcome could significantly impact future payouts.
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