Asia Insurance Post
  • Home
  • Articles
  • Blog
  • Data
  • Facts
  • Editorial
  • Interviews
Select Page

Russian flagship carrier Aeroflot says it clinches deal with lessor

by AIP Online Bureau | Nov 14, 2023 | International News, Non-Life, Reinsurance | 0 comments

Singapore-based BOC Aviation began legal action in November 2022 in Dublin in pursuit of claims against 16 insurers over aircraft the lessor owned that have been stuck in Russia, an Irish High Court filing shows

Russian flagship carrier Aeroflot said on Thursday it had clinched a settlement with leasing company BOC Aviation under which nine aircraft are to be handed over to Russian state insurance company NSK.

A statement issued by Aeroflot said NSK would settle the claim pursued by BOC Aviation.

The airline gave no further details and there was no immediate comment from the leasing company.

Singapore-based BOC Aviation began legal action in November 2022 in Dublin in pursuit of claims against 16 insurers over aircraft the lessor owned that have been stuck in Russia, an Irish High Court filing shows.

The Aeroflot statement said BOC Aviation would abandon its legal claims with respect to the aircraft. Eight of the aircraft were owned by BOC and one was managed by the company.

The statement said Aeroflot would continue its discussions with leasing operators to settle claims concerning foreign-manufactured aircraft.

Aeroflot has previously concluded a series of similar agreements.

In September, AerCap, the world’s largest aircraft lessor said it had received $645 million from NSK in full settlement of insurance claims in relation to 17 aircraft and five spare engines leased to Aeroflot and its subsidiary, Russia.

Submit a Comment Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Impact of climate change on health takes centre stage at COP28: WHO
  • Automobile retail sales soar to record high in festive season this year: FADA
  • HDFC Life sets a Guinness world records™ title for its ‘Insure India’ campaign
  • Net zero goal calls for USD 5 trillion in annual green investments: IMF
  • Health experts decry New Zealand’s scrapping of world-first tobacco ban

Recent Comments

  1. Chandrashekaran ex staff on Private sector banker Manoj Muttathil Ayyappan selected as DFS joint secy
  2. Vijay Likhite on Private sector banker Manoj Muttathil Ayyappan selected as DFS joint secy
  3. NARAYAN SINDHEE on GIC Re appoints Suresh Sindhi as life actuary
  4. AIP Online Bureau on Tom Hanks warns fans about his ‘AI version’ promoting dental plan: Have nothing to do with it
  5. Narayan S Chhabria on GIC Re appoints Suresh Sindhi as life actuary

Archives

  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017

Categories

  • Articles
  • Banking & Bancassurance
  • Blog
  • Breaking News!
  • Briefs
  • Climate, Environment, Renewable Energy
  • Data
  • Disaster & Management
  • Eco/Invest/Demography
  • Editorial
  • Facts
  • Featured
  • Health
  • Indian News
  • Intermediaries
  • International News
  • Interviews
  • Life
  • Main Menu
  • Non-Life
  • Pandemic
  • Pension & Social Security
  • Policy
  • Regulation
  • Reinsurance
  • Risk Management
  • Technology
  • Trends, Facts
  • Uncategorized
  • Wealth Management/ Philanthropy
  • Workplace/Employee Benefits
  • Home
  • Articles
  • Blog
  • Data
  • Facts
  • Editorial
  • Interviews
  • Eco/Invest/Demography
  • Indian News
  • International News
  • Health
  • Non-Life
  • Pandemic
  • Technology
  • Risk Management
  • Reinsurance
  • Banking & Bancassurance
  • Wealth Management/ Philanthropy