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AerCap Awarded Over $1B In Insurance Ruling

AerCap, the world’s largest aircraft lessor, has been awarded over $1 billion by a UK High Court ruling, which found that insurers are obligated to cover losses related to aircraft stranded in Russia. The case stemmed from the aftermath of sanctions and countermeasures that left hundreds of leased aircraft unable to be repossessed by Western lessors following the invasion of…

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BOC Aviation Orders Nine A320neo For Avianca

BOC Aviation (Singapore) has entered into an agreement with Airbus to purchase nine A320neo aircraft, demonstrating continued demand for efficient narrowbody aircraft in the global market. The lessor has committed all nine aircraft on long-term leases to avianca (Colombia), bolstering the South American carrier’s fleet renewal and expansion plans.

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Air Montenegro Wet Leases A320 From DAT

Air Montenegro has announced that it has wet leased one Airbus A320 (serial number 4973) from Danish Air Transport (DAT). The lease agreement is in place until at least 10 June 2025, highlighting the airline’s efforts to maintain operational flexibility and meet passenger demand during the busy summer season.

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Aeroflot Nears Insurance Settlement With Lessors

Aeroflot Group (Russia) has announced that it expects to complete insurance settlements with foreign lessors covering 36 aircraft in its fleet. According to CEO Sergei Aleksandrovsky, all commercial terms of these settlements have already been finalized, paving the way for a resolution to long-standing issues stemming from the grounding of foreign-leased aircraft in Russia.