Tag claim

AerCap, Aerospace, Lessors

AerCap settles insurance claim over part of its Russian fleet

AerCap has agreed to settle its insurance claim over seventeen airliners and five engines that are still in Russia. The lessor will receive $645 million for the assets, that were on lease to Aeroflot and Rossiya but which they refused…

Richard Schuurman
September 6, 2023

Airlines

Airlink shrugs off upset in $50 million claim against SAA

South Africa-based regional carrier Airlink says it will focus its energies on growing the business, in the aftermath of a court decision this week, which further dimmed prospects for recovery of R890 million ($50.5 million) in ticket revenues, owed by former…

Richard Schuurman
July 27, 2023