Insurers Win Right to Appeal UK Court Ruling Over Jets Lost in RussiaLegal Battle Over Aircraft Insurance ClaimsBackground of the DisputeLONDON, Mar 31 (Reuters) - Insurers including Chubb, Fidelis and Lloyd's were granted permission on Tuesday to appeal against a London court ruling in favour of the world's largest aircraft lessor AerCap over jets stuck in Russia since its war on Ukraine. High Court Ruling and Financial ImplicationsLondon's High Court ruled in June that AerCap can recover just over $1 billion from its "war risks insurers", though that was less than the roughly $2 billion it sought under a broader all-risks clause. Permission to AppealBut Chubb, Fidelis and Lloyd's were given permission to challenge the ruling at the Court of Appeal, with the appeal hearing expected to last up to five days. Key Parties InvolvedAircraft LessorsAerCap, Dubai Aerospace Enterprise, known as DAE, Merx Aviation, KDAC Aviation Finance, Falcon and Genesis had led the claims against insurers, including AIG, Lloyd's, Chubb and Swiss Re. Settlements During the TrialKDAC settled all its claims during the trial, while AerCap, DAE and other lessors have periodically disclosed settlements.

Source: The Guardian March 31, 2026 16:01 UTC