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UK court decides $10 billion jet dispute to be heard in London, not Moscow
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UK court decides $10 billion jet dispute to be heard in London, not Moscow
Mar 28, 2024 6:02 AM

LONDON, March 28 (Reuters) - A $10 billion battle

between reinsurers and aircraft leasing companies seeking

payouts for more than 200 jets stuck in Russia should be heard

in London rather than Moscow, London's High Court ruled on

Thursday.

Aircraft lessors, including Ireland's AerCap ( AER ) and

U.S.-listed Carlyle Aviation Partners, are pursuing

insurers for financial losses after Russia's invasion of Ukraine

grounded their jets in Russia.

The lessors argued the legal case should be heard in London

rather than Moscow, to avoid the risk of unfair hearings or

inconsistent judgments.

Judge Andrew Henshaw ruled the cases should continue in

London, saying in a written ruling on Thursday that "the

claimants are very unlikely to obtain a fair trial in Russia".

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