Russian Airline's Stranded Airbus Subject of Newest Addition to Stack of Lawsuits
Zephyrus Aviation Capital has sued Lloyd's of London's insurance syndicate to cover the loss of its 'stranded' Airbus leased to Yamal Airlines. The messy and protracted-to-be legal battle is just one of a growing number as lessors look to recoup billions of dollars in losses incurred in the political aftermath of Russian disentanglement. Western sanctions and Russian counters led to Russian-operated airlines being signed into the domestic register, effectively thumbing their nose at the original owners and claiming them for their own.
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