A failed stock market listing led to the company’s downfall and the acquisition of its assets by, but it left industry experts behind who were ready to compete in the niche leasing market.
AerCap is the most exposed, with 152 planes valued at €2.1 billion before the outbreak of the conflict, according to IBA data. Japanese-controlled SMBC Aviation Capital had 34 valued at $1.3 billion, while Avolon had 14 valued at €320 million when the war broke out. All three groups declined to comment.
One expert in aviation finance based in Dublin said he was aware of some lessors already receiving cancellations of war risk policies related to the coverage of aircraft. What is accepted as the trigger for a claim will be key., said the new Russian law showed that Moscow intended to “confiscate” planes, adding that this would help lessors in claims with insurers.
For every action there is an equal & opposite reaction.