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Aircastle becomes the latest aircraft lessor to sue UniCredit over Russia

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Two Irish units of aircraft lessor Aircastle have filed a nearly $25 million lawsuit against UniCredit in London to enforce letters of credit related to aircraft seized by the Russian government, according to the Irish Independent has experienced .

And Aircastle’s chief legal officer, Chris Beers, has warned that the entire aviation sector, including airlines, should be concerned that Russia’s actions could have a major knock-on effect in terms of insurance coverage.

https://www.independent.ie/business/irish/aircastle-becomes-latest-aircraft-lessor-to-sue-unicredit-over-russia-41628563.html Aircastle becomes the latest aircraft lessor to sue UniCredit over Russia

Fry Electronics Team

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