DUBLIN: Some of the world’s largest aircraft lessors faced off against their insurers in a Dublin courtroom on Tuesday at the start of a months-long battle over around 2.5 billion euros ($2.7 billion) of insurance claims related to jets stranded in Russia.
Lessors are suing dozens of insurers around the world over losses of at least $8 billion after more than 400 planes were prevented from leaving Russia when Western sanctions over Moscow’s war in Ukraine forced the termination of their leases.
The world’s second and third largest lessors, SMBC and Avolon, as well as BOC Aviation, CDB Aviation, Nordic Aviation Capital and Carlyle Aviation Partners, are pursuing their claims in Ireland, where more than 60 percent of the world’s leased aircraft are owned or managed.
Lloyd’s of London, Chubb and Fidelis are among the insurers contesting the claims.
Insurers are balking at payouts, with some alleging that there has not been a physical loss of the planes yet or that the planes are still in the course of being repossessed. Others have argued that lessors voluntarily ended leasing agreements or that Western sanctions prevent insurers from providing cover.
The variety of arguments made by lawyers — including whether the issue only relates to narrower “war risk” policies or also to broader “all risk” insurance — are “bewildering and confusing,” Senior Counsel Paul Gallagher told the court in an opening statement on behalf of four lessors.
“Insurers cannot agree on the meaning of their own policies,” said Gallagher, the first to speak in an opening by lessors that is to run until June 19. The case is expected to last around seven months.
The case is the largest ever heard in Ireland by number of lawyers and is being held in a makeshift court as no courtroom in the country is large enough to accommodate the 180 legal professionals expected to attend each day, a courts service spokesperson said.
On Tuesday, around 50 lawyers were allowed into a courtroom in an open-plan office, with a similar number watching via a video link in an adjoining former canteen.
The world’s biggest aircraft lessor, Irish-based AerCap, is pursuing its insurance claims through London’s High Court, with what its lawyers have described as a “mega trial” due to start in October. Other lessors have taken cases to the United States.
Since launching their lawsuits, lessors have secured settlements with Russia totalling more than $2.5 billion for more than 100 jets, with ownership transferred to Russian airlines.
Multibillion-euro court battle over stranded Russian jets begins in Dublin
https://arab.news/vx47g
Multibillion-euro court battle over stranded Russian jets begins in Dublin
- 400 planes were prevented from leaving Russia when Western sanctions over Moscow’s war in Ukraine forced the termination of their leases
- The case is expected to last around seven months
US and Mideast countries seek Kyiv’s drone expertise as Russia-Ukraine talks put on ice
KYIV, Ukraine: The United States and its allies in the Middle East are seeking Ukraine's expertise in countering Iran's Shahed drones, according to Ukrainian President Volodymyr Zelenskyy.
Various countries, including the United States, have approached Ukraine for help in defending against the Iranian drones, Zelenskyy said late Wednesday. He said he has spoken in recent days with the leaders of the United Arab Emirates, Qatar, Bahrain, Jordan and Kuwait about possible cooperation.
Russia has fired tens of thousands of Shaheds at Ukraine since it invaded its neighbor just over four years ago, launching a swarm of more than 800 drones and decoys in its biggest nighttime barrage. Iran has responded to joint U.S.-Israeli strikes by launching the same type of drones at countries in the Middle East.
Ukrainian assistance in countering Iranian drones will be provided only if it does not weaken Ukraine's own defenses, and if it adds leverage to Kyiv's diplomatic efforts to stop the Russian invasion, according to the Ukrainian leader.
"We help to defend from war those who help us, Ukraine, bring a just end to the war" with Russia, Zelenskyy said. Later Thursday, Zelenskyy said he had received a U.S. request for support to defend against the drones in the Middle East and had given the order for equipment to be provided along with Ukrainian experts without providing further details.
"Ukraine helps partners who help our security and the protection of our people's lives," he added in a social media post.
Trump, in an interview Thursday with Reuters, said, "Certainly I'll take, you know, any assistance from any country."
Ukraine has battle-tested drone defenses
Ukraine has pioneered the development of cut-price drone killers that cost as little as $1,000, rewriting the air defense rule book and making other countries take notice.
European countries got a wake-up call last September on the changed nature of air defense when Poland scrambled multimillion-dollar military assets, including F-35 and F-16 fighter jets and Black Hawk helicopters, in response to airspace violations by cheap drones.
Ukrainian manufacturers have developed low-cost interceptor drones specifically designed to hunt and destroy Shaheds, and its rapidly expanding drone industry is producing excess capacity.
Zelenskyy announced earlier this year that Ukraine would begin exporting the battle-tested systems.
The European Union's top diplomat, Kaja Kallas, said before chairing a meeting of EU and Gulf foreign ministers via video link Thursday that the talks would look at how Ukraine's experience can help countries counter Iranian drones.
Middle East war delays Russia-Ukraine talks
The Iran war, now in its sixth day, has drawn international attention away from Europe's biggest conflict since World War II, and forced the postponement of a new round of U. S-brokered talks between Russia and Ukraine planned for this week, Zelenskyy said.
Western governments and analysts say the Russia-Ukraine war has killed hundreds of thousands of people, while there is no sign that yearlong U.S.-led peace efforts will stop the fighting any time soon.
"Right now, because of the situation around Iran, there are not yet the necessary signals for a trilateral meeting," Zelenskyy said. "But as soon as the security situation and the overall political context allow us to resume that trilateral diplomatic work, it will be done."
Zelenskyy thanked the United States for the return from Russia on Thursday of 200 Ukrainian prisoners of war. Russia's Defense Ministry also said it received the same number of prisoners from Ukraine and thanked the U.S. and United Arab Emirates for mediating.
Prisoner swaps have been one of the few tangible results of the talks. Vladimir Medinsky, a Russian negotiator, said on social media that a total of 500 prisoners from each side would be exchanged between Thursday and Friday.
Oleksandr Merezhko, the head of Ukraine's parliamentary foreign affairs committee, said Russian President Vladimir Putin is trying to drag out the negotiations so that he can press on with Russia's invasion while escaping further U.S. sanctions.
He urged the U.S. administration to look at the Russia-Ukraine war and the war in the Middle East as linked.
"In reality, Russia and Iran are close allies that act in concert — Iran supplies weapons and Russia helps Iran develop its defense industry. These are interconnected conflicts," Merezhko told The Associated Press.
Ukraine's army has recently pushed back Russian forces at some points along the roughly 1,250-kilometer (750-mile) front line, according to the Institute for the Study of War.
Localized Ukrainian counterattacks liberated more territory than Ukrainian forces lost in the last two weeks of February, the Washington-based think tank said this week, estimating the recovered land at about 257 square kilometers (100 square miles) since Jan. 1.
