Carlyle demands $700 million from insurers for planes confiscated by Russia
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Carlyle Aviation Partners has filed a lawsuit against its insurers and reinsurers seeking damages from the confiscation of the company’s aircraft by the Russian authorities. As writes Financial Timesthe investment company seeks a payment of $ 700 million.
According to Bloomberg, Carlyle once leased a total of 23 aircraft to Russian airlines, including Izhavia and NordStar. According to the statement of claim, on February 27, the airlines notified Carlyle that they would not be able to return the ships to her due to instructions from the Russian authorities, which banned the export of aircraft outside the country in response to EU and US sanctions. Later, the Russian authorities passed a bill that allowed Russian operators to register the rights to leased foreign aircraft.
Defendants in the Carlyle Aviation lawsuit, filed in District Court for the Southern District of Florida in Miami, are more than a dozen companies, including American International, Chubb European and Berkshire Hathaway International Insurance.
Previously sued their insurers filed AerCap, the world’s largest aircraft lessor, expects to receive compensation through the courts for aircraft lost in Russia in the amount of up to $3.5 billion.
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