Dubai Aerospace files $1bn insurance claim for aircraft in Russia
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Dubai Aerospace files $1bn insurance claim for aircraft in Russia

Aisling Finn
09 May 2022
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Dubai Aerospace Enterprise (DAE) has filed a $1bn insurance claim for 19 aircraft on the ground in Russia, accounting for around 7% of the lessor’s leased aircraft by net book value.

The total value of the aircraft is $576.5mn, but DAE has recorded a write-off of $537.9mn, as it holds funds in maintenance reserves and security deposits from Russian airlines.

The

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