Aircastle sues UniCredit to recoup letters of credit for stranded planes
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Aircastle sues UniCredit to recoup letters of credit for stranded planes

Aisling Finn
10 May 2022
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Lessor Aircastle has reportedly sued UniCredit to enforce letters of credit related to aircraft stranded in Russia.

According to the Irish Independent, the lessor has started legal action to recover EUR23.7mn ($25mn) relating to its aircraft on the ground.

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Aerospace News Claims and losses
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