Carlyle Aviation Sues Insurers Over Seized Planes in Russia
This article is for subscribers only.
Carlyle Aviation Partners said it sued a group of insurance companies and re-insurers claiming they failed to pay for losses stemming from the seizure of planes leased to Russian airlines following the invasion of Ukraine.
Carlyle Aviation leased 23 planes to Russian airlines, including Izhavia and NordStar, and tried to repossess and relocate the aircraft as soon as Russia’s invasion of Ukraine began on Feb. 24, the company said in a complaint it provided to Bloomberg News.