‘Several years’ before lawsuits against insurers over missing aircraft in Russia are resolved

Aircraft lessors have performed strongly to weather the issues posed by Covid and the war in Ukraine, industry delegates told at aviation conference in Dublin

Ireland’s Aviation Authority has confirmed that Irish planes are among those which have been re-registered in Moscow, meaning they have been added to the register of Russian aeroplanes. Picture: Getty

It could be several years before legal cases between Irish aircraft lessors and insurers, relating to hundreds of aircraft which have been effectively stranded in Russia since it invaded Ukraine, are resolved, according to a KPMG report on the aviation sector.

But lessors are bullish about the industry despite this problem and issues relating to a shortage of aircraft, delegates from the industry heard at a conference in Dublin today.

Aircraft worth more than $7 ...