Legal

Insurers including AIG, Fidelis, Swiss Re and Chubb along with several lessors were in favour of merging the aviation war cases, while lessor AerCap wanted a separate, standalone trial for its lawsuit.

The companies did not disclose whether any money exchange hands as part of the agreement.

The lawsuit argues that one engine that was leased out in Ukraine and 16 engines that were leased out in Russia have suffered physical loss or damages.

The claim, worth $43.8mn, takes the total amount claimed in the courts by Carlyle Aviation Partners to upwards of $832mn.

Falcon 2019-1 Aircraft 3, an entity managed by Dubai Aerospace Enterprise, is suing its contingent war insurers for $43.4mn but, if that fails, is also suing its all-risk insurers for the same amount.

The aircraft lessor has outlined its response in a $750mn lawsuit against its contingent war insurers.

In addition, Lloyd's syndicates Atrium and Syndicate 1183 asked the judge to dismiss the case against them in its entirety.

The carrier argued that, because the sum it was being sued for was significant – $95mn in the all-risk case and $240mn in the war risk case – it should be allowed to represent itself.

Bowling chain Hollywood Bowl is also suing Liberty Mutual for Covid-19 BI losses.

The pub group and bakery chain will dispute elements of judgements issued in October in UK Covid-related BI lawsuits.

The action is being taken by a securitisation entity managed and serviced by Dubai Aerospace Enterprise.

A steady stream of legal actions are being filed against insurers over billions of dollars’ worth of stranded aircraft.