Aercap names AIG and Lloyd’s in $3.5bn lawsuit over planes seized by Russian airlines

Aircraft leasing giant Aercap has launched a $3.48bn (£2.93bn) lawsuit against its insurers as it seeks to recoup losses incurred by the seizure of 141 planes by Russian airlines following Russia’s invasion of Ukraine earlier this year.

Aercap, which is also claiming on the behalf of other insureds covered under its policy, says that is owed $3.5bn by AIG and other insurers that have subscribed to the ‘all risks’ section of its