The company has managed to retrieve 22 of 135 planes, and three of 14 engines leased to Russian firms.
Leasing companies rushed to cancel contracts with Russian airlines following the announcement of Western sanctions.The world's biggest aircraft leasing firm, AerCap, has filed a $3.5 billion insurance claim over its planes and engines currently stuck in Russia. The Dublin-based company has managed to retrieve 22 of the 135 planes currently leased in Russia, as well as three of its 14 engines, but over 100 jets remain in the country, the company said on Wednesday. , AerCap's CFO, Peter Juhas, said:"Last week, we submitted an insurance claim for approximately $3.5 billion with respect to our aircraft and engines remaining in Russia."
He added that the company"also planned to pursue all other avenues for the recovery of the value of our assets, including other legal claims available to us. However, it is uncertain whether these efforts will be successful." European Union sanctions levied against Russia following Moscow's decision to invade Ukraine required leasing companies to terminate arrangements with Russian counterparties. On February 27, the EU
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