Russian carrier Nordwind Airlines has settled a claim over five aircraft in its fleet which had been leased from Irish-based AerCap.

AerCap says it has received “full settlement” proceeds of around €91 million ($107 million) from Russian insurance firm NSK.

“We have released our claims against NSK, Nordwind and its international reinsurers with respect to these five aircraft,” says the lessor.

While AerCap has not identified the aircraft types involved, aviation market intelligence and advisory company IBA lists both Airbus and Boeing types – including A330s, A321s and 737s – as having been sourced from the lessor by Nordwind.

nordwind-c-nordwind

AerCap says the Nordwind settlement brings pre-tax recoveries relating to the Ukrainian conflict to $2.9 billion since 2023.

The lessor had pursued a commercial court claim in London over 116 aircraft and 15 engines lost to Russian operators, and secured a legal victory – alongside other leasing firms – in June when it was awarded an indemnity of around $1 billion.

AerCap states that the court recently denied the insurers permission to appeal this decision, and also ruled that the lessor was entitled to recover interest of $234 million.





Source link

Posted in
Uncategorized

skylinesmecher

Related Posts
Limousine Comments are Closed

Plan the perfect NYC Memorial Day weekend

Pack only what you need and avoid overpacking to streamline the check-in and security screening…

News Comments are Closed

LA’s worst traffic areas and how to avoid them

Consider using alternative routes, such as Sepulveda Boulevard, which runs parallel to the 405 in…

Middle East flight cancellations surge as Israel-Iran conflict closes airspace

Flight cancellations to and from the Middle East continue to climb, as airspace and airport…

Rolls-Royce teases UltraFan 30 features as demonstrator heads for design freeze

Rolls-Royce has shown off a full-scale mock-up of its proposed UltraFan 30 engine aimed at…

Rolls-Royce remains unconvinced that open-rotor benefit outweighs integration risk

Rolls-Royce has emphasised its scepticism over the open-rotor concept, as it unveils its ducted UltraFan…

NATO next-generation rotorcraft project closes on final requirements as Boeing re-emerges as possible bidder

A project involving six NATO members aiming to develop a next-generation military helicopter has agreed…

Croatia Airlines pressured by weak revenue growth and continuing fleet-renewal costs

Croatia Airlines’ full-year losses have doubled, a situation which the carrier attributes to weak revenue…

London City consults on shallower glideslope to enable A320neo operations

London City airport is seeking to implement a shallower glideslope of 4.49° – compared with…

GTF shop visits continue to drive commercial maintenance revenues at MTU

MTU Aero Engines is expecting continuing strong demand for powerplant maintenance, with the persisting Pratt…

Draken boosts UK ‘Red Air’ service delivery with L-159E after completing first depot-level inspection

Adversary training specialist Draken has completed a first depot-level inspection on one of the Aero…

Rolls-Royce lifts Trent engine durability-improvement target

Rolls-Royce has hiked the durability improvement target for its Trent engine time-on-wing programme, raising the…

Post a comment

Your email address will not be published.