Aircraft lessor hits back at insurers in battle for $43mn claim
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Aircraft lessor hits back at insurers in battle for $43mn claim

Aisling Finn
08 February 2023
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Falcon 2019-1 Aircraft 3, a securitisation entity which is managed and serviced by Dubai Aerospace Enterprise (DAE), has submitted its reply in an ongoing case against 11 insurers regarding aircraft stuck in Russia.

In the lawsuit, filed in November, Falcon named Lloyd’s Insurance Company as the first defendant in the case, as well as Fidelis, HDI Global, AIG, Abu Dhabi National Insurance Company, Chubb, Great Lakes Insurance, Global Aerospace, Starr, Axis Specialty...

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