Legal

The lessor was awarded $355.4mn for the total loss of two aircraft and more than $55mn for costs relating to the recovery of another plane and its engines.

The carrier cited a “huge” spread of possible outcomes from various lawsuits relating to aviation claims from the conflict.

Legal precedents are being set which could lead to crippling liabilities for US businesses as well as longer term data management implications.

Julia Sommer won her tribunal last year after she claimed to have been consistently discriminated against for her sex and was unfairly dismissed after her maternity leave.

Mactavish research has found that commercial policyholders are now more than three times as likely to sue their insurers to get their claims paid.

The Lloyd’s syndicates named in the trial include Tokio Marine Kiln’s Syndicate 510 and Syndicate 1880, Liberty Managing Agency, MS Amlin and Munich Re.

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.