{"id":859609,"date":"2025-06-11T09:29:24","date_gmt":"2025-06-11T13:29:24","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/aercap-awarded-insurance-payment-by-english-commercial-court-for-aircraft-and-engines-lost-in-russia\/"},"modified":"2025-06-11T09:29:24","modified_gmt":"2025-06-11T13:29:24","slug":"aercap-awarded-insurance-payment-by-english-commercial-court-for-aircraft-and-engines-lost-in-russia","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/aercap-awarded-insurance-payment-by-english-commercial-court-for-aircraft-and-engines-lost-in-russia\/","title":{"rendered":"AerCap Awarded Insurance Payment by English Commercial Court for Aircraft and Engines Lost in Russia"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"legendSpanClass\"><br \/>\n          <span class=\"xn-location\">DUBLIN<\/span><br \/>\n        <\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">June 11, 2025<\/span><\/span> \/PRNewswire\/ &#8212; AerCap Holdings N.V. (&#8220;AerCap&#8221; or the &#8220;Company&#8221;) (NYSE: AER) has announced that in a judgment handed down today, the Commercial Court in <span class=\"xn-location\">London<\/span> found that its subsidiary, AerCap Ireland Limited, is entitled to recover its claim for an indemnity of approximately <span class=\"xn-money\">$1 billion<\/span> from the insurers under the &#8220;War and Allied Perils&#8221; Coverage section of its contingent and possessed insurance policy. This award is in respect of the aircraft and engines which AerCap and its affiliates formerly leased to Russian airlines and were not recovered from <span class=\"xn-location\">Russia<\/span> following its invasion of <span class=\"xn-location\">Ukraine<\/span> in <span class=\"xn-chron\">February 2022<\/span>. The indemnity amount is due to be paid by <span class=\"xn-chron\">July 2<\/span>, 2025.\u00a0 All questions of interest and costs are adjourned to a further hearing to be fixed in <span class=\"xn-chron\">September 2025<\/span>.<\/p>\n<p>In 2022, we recognized a pre-tax net charge of <span class=\"xn-money\">$2.7 billion<\/span> to our earnings, which included a total loss write-off with respect to the assets which remained in <span class=\"xn-location\">Russia<\/span> and <span class=\"xn-location\">Ukraine<\/span> and impairment losses with respect to the assets which we had recovered from <span class=\"xn-location\">Russia<\/span> and <span class=\"xn-location\">Ukraine<\/span> at that time.\u00a0 Following recoveries of <span class=\"xn-money\">$1.3 billion<\/span> in 2023 and <span class=\"xn-money\">$195 million<\/span> in 2024, this indemnity award will bring AerCap&#8217;s total pre-tax recoveries relating to the <span class=\"xn-location\">Ukraine<\/span> conflict to approximately <span class=\"xn-money\">$2.5 billion<\/span>.\u00a0\u00a0<\/p>\n<p>The claims against insurers and reinsurers of the Russian airlines&#8217; insurance policies in respect of a number of these assets remain ongoing in the Commercial Court in <span class=\"xn-location\">London<\/span> and we intend to continue to vigorously pursue those claims.\u00a0 However, the collection, timing and amount of any potential further recoveries in respect of those claims are uncertain.<\/p>\n<p>\n        <b>About AerCap <\/b>\n      <\/p>\n<p>AerCap is the global leader in aviation leasing with one of the most attractive order books in the industry. AerCap serves approximately 300 customers around the world with comprehensive fleet solutions. AerCap is listed on the New York Stock Exchange (AER) and is based in <span class=\"xn-location\">Dublin<\/span> with offices in Shannon, <span class=\"xn-location\">Miami<\/span>, <span class=\"xn-location\">Singapore<\/span>, <span class=\"xn-location\">Memphis<\/span>, <span class=\"xn-location\">Amsterdam<\/span>, <span class=\"xn-location\">Shanghai<\/span>, <span><span class=\"xn-location\">Dubai<\/span><\/span> and other locations around the world.<\/p>\n<p>\n        <b>Forward-Looking Statements<\/b>\n      <\/p>\n<p>This press release contains certain statements, estimates and forecasts with respect to future performance and events. These statements, estimates and forecasts are &#8220;forward-looking statements&#8221;. In some cases, forward-looking statements can be identified by the use of forward-looking terminology such as &#8220;may,&#8221; &#8220;might,&#8221; &#8220;should,&#8221; &#8220;expect,&#8221; &#8220;plan,&#8221; &#8220;intend,&#8221; &#8220;will,&#8221; &#8220;aim,&#8221; &#8220;estimate,&#8221; &#8220;anticipate,&#8221; &#8220;believe,&#8221; &#8220;predict,&#8221; &#8220;potential&#8221; or &#8220;continue&#8221; or the negatives thereof or variations thereon or similar terminology. All statements other than statements of historical fact included in this press release are forward-looking statements and are based on various underlying assumptions and expectations and are subject to known and unknown risks, uncertainties and assumptions, and may include projections of our future financial performance based on our growth strategies and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied in the forward-looking statements, including but not limited to the availability of capital to us and to our customers and changes in interest rates; the ability of our lessees and potential lessees to make lease payments to us; our ability to successfully negotiate flight equipment (which includes aircraft, engines and helicopters) purchases, sales and leases, to collect outstanding amounts due and to repossess flight equipment under defaulted leases, and to control costs and expenses; changes in the overall demand for commercial aviation leasing and aviation asset management services; the continued impacts of the Ukraine Conflict, including the resulting sanctions by <span class=\"xn-location\">the United States<\/span>, the European Union, the <span class=\"xn-location\">United Kingdom<\/span> and other countries, on our business and results of operations, financial condition and cash flows; the effects of terrorist attacks on the aviation industry and on our operations; the economic condition of the global airline and cargo industry and economic and political conditions; the impact of hostilities in the <span class=\"xn-location\">Middle East<\/span>, or any escalation thereof, on the aviation industry or our business; trade tensions, including U.S. tariffs and retaliatory measures by <span class=\"xn-location\">China<\/span> and other countries, and the resulting geopolitical uncertainty; development of increased government regulation, including travel restrictions, sanctions, regulation of trade and the imposition of import and export controls, tariffs and other trade barriers; a downgrade in any of our credit ratings; competitive pressures within the industry; regulatory changes affecting commercial flight equipment operators, flight equipment maintenance, engine standards, accounting standards and taxes; and disruptions and security breaches affecting our information systems or the information systems of our third-party providers.<\/p>\n<p>As a result, we cannot assure you that the forward-looking statements included in this press release will prove to be accurate or correct. These and other important factors and risks are discussed in AerCap&#8217;s annual report on Form 20-F and other filings with the United States Securities and Exchange Commission. In light of these risks, uncertainties and assumptions, the future performance or events described in the forward-looking statements in this press release might not occur. Accordingly, you should not rely upon forward-looking statements as a prediction of actual results and we do not assume any responsibility for the accuracy or completeness of any of these forward-looking statements. Except as required by applicable law, we do not undertake any obligation to, and will not, update any forward-looking statements, whether as a result of new information, future events or otherwise.<\/p>\n<p>For more information regarding AerCap and to be added to our email distribution list, please visit\u00a0<u><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4447085-1&amp;h=3181536231&amp;u=https%3A%2F%2Fwww.aercap.com&amp;a=www.aercap.com\" target=\"_blank\" rel=\"nofollow\">www.aercap.com<\/a><\/u>.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder6675\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/2650054\/AerCap_50th_Anniversary_Logo.html\" target=\"_blank\" rel=\"nofollow\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/2650054\/AerCap_50th_Anniversary_Logo.jpg\" title=\"AerCap 50th Anniversary logo (PRNewsfoto\/AerCap Holdings N.V.)\" alt=\"AerCap 50th Anniversary logo (PRNewsfoto\/AerCap Holdings N.V.)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder0\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=LA08148&amp;sd=2025-06-11\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/aercap-awarded-insurance-payment-by-english-commercial-court-for-aircraft-and-engines-lost-in-russia-302479046.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/aercap-awarded-insurance-payment-by-english-commercial-court-for-aircraft-and-engines-lost-in-russia-302479046.html<\/a><\/p>\n<p>SOURCE  AerCap Holdings N.V.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=LA08148&amp;Transmission_Id=202506110926PR_NEWS_USPR_____LA08148&amp;DateId=20250611\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire DUBLIN , June 11, 2025 \/PRNewswire\/ &#8212; AerCap Holdings N.V. (&#8220;AerCap&#8221; or the &#8220;Company&#8221;) (NYSE: AER) has announced that in a judgment handed down today, the Commercial Court in London found that its subsidiary, AerCap Ireland Limited, is entitled to recover its claim for an indemnity of approximately $1 billion from the insurers under the &#8220;War and Allied Perils&#8221; Coverage section of its contingent and possessed insurance policy. This award is in respect of the aircraft and engines which AerCap and its affiliates formerly leased to Russian airlines and were not recovered from Russia following its invasion of Ukraine in February 2022. The indemnity amount is due to be paid by July 2, 2025.\u00a0 All questions of interest &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/aercap-awarded-insurance-payment-by-english-commercial-court-for-aircraft-and-engines-lost-in-russia\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;AerCap Awarded Insurance Payment by English Commercial Court for Aircraft and Engines Lost in Russia&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-859609","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>AerCap Awarded Insurance Payment by English Commercial Court for Aircraft and Engines Lost in Russia - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/aercap-awarded-insurance-payment-by-english-commercial-court-for-aircraft-and-engines-lost-in-russia\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AerCap Awarded Insurance Payment by English Commercial Court for Aircraft and Engines Lost in Russia - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire DUBLIN , June 11, 2025 \/PRNewswire\/ &#8212; AerCap Holdings N.V. (&#8220;AerCap&#8221; or the &#8220;Company&#8221;) (NYSE: AER) has announced that in a judgment handed down today, the Commercial Court in London found that its subsidiary, AerCap Ireland Limited, is entitled to recover its claim for an indemnity of approximately $1 billion from the insurers under the &#8220;War and Allied Perils&#8221; Coverage section of its contingent and possessed insurance policy. This award is in respect of the aircraft and engines which AerCap and its affiliates formerly leased to Russian airlines and were not recovered from Russia following its invasion of Ukraine in February 2022. 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(&#8220;AerCap&#8221; or the &#8220;Company&#8221;) (NYSE: AER) has announced that in a judgment handed down today, the Commercial Court in London found that its subsidiary, AerCap Ireland Limited, is entitled to recover its claim for an indemnity of approximately $1 billion from the insurers under the &#8220;War and Allied Perils&#8221; Coverage section of its contingent and possessed insurance policy. This award is in respect of the aircraft and engines which AerCap and its affiliates formerly leased to Russian airlines and were not recovered from Russia following its invasion of Ukraine in February 2022. The indemnity amount is due to be paid by July 2, 2025.\u00a0 All questions of interest &hellip; Continue reading \"AerCap Awarded Insurance Payment by English Commercial Court for Aircraft and Engines Lost in Russia\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/aercap-awarded-insurance-payment-by-english-commercial-court-for-aircraft-and-engines-lost-in-russia\/","og_site_name":"Market Newsdesk","article_published_time":"2025-06-11T13:29:24+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/2650054\/AerCap_50th_Anniversary_Logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/aercap-awarded-insurance-payment-by-english-commercial-court-for-aircraft-and-engines-lost-in-russia\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/aercap-awarded-insurance-payment-by-english-commercial-court-for-aircraft-and-engines-lost-in-russia\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"AerCap Awarded Insurance Payment by English Commercial Court for Aircraft and Engines Lost in Russia","datePublished":"2025-06-11T13:29:24+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/aercap-awarded-insurance-payment-by-english-commercial-court-for-aircraft-and-engines-lost-in-russia\/"},"wordCount":939,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/aercap-awarded-insurance-payment-by-english-commercial-court-for-aircraft-and-engines-lost-in-russia\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/2650054\/AerCap_50th_Anniversary_Logo.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/aercap-awarded-insurance-payment-by-english-commercial-court-for-aircraft-and-engines-lost-in-russia\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/aercap-awarded-insurance-payment-by-english-commercial-court-for-aircraft-and-engines-lost-in-russia\/","name":"AerCap Awarded Insurance Payment by English Commercial Court for Aircraft and Engines Lost in Russia - 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