leases News

Lessor Avolon Records $304M Impairment Over Russian Aircraft

DUBLIN –– Major aircraft lessor Avolon recorded a first-quarter impairment of $304 million to cover the full financial impact of having 10 jets still stuck in Russia following European Union sanctions that forced the termination of all Russian leases. Ireland’s …

Lessor AerCap Lodges $3.5B Claim for Seized Russian Aircraft

DUBLIN –– The world’s top aircraft lessor AerCap has submitted a $3.5 billion insurance claim for more than 100 jets stuck in Russia following its invasion of Ukraine, setting the stage for a lengthy legal wrangle between lessors and insurers. …

Is Coronavirus an ‘Act of God?’ Lawyers Say That’s Complicated

It’s time to figure out what constitutes an “act of God.” Lawyers’ phones have been ringing off the hook in recent weeks, as tenants and landlords grapple over rent payments with much of the U.S. economy shut down. More than …

Questions to Ask in Cases Involving Leases, Rental Agreements and Other Contracts

In many subrogation cases, the recovery specialist is confronted with one or more “writings,” including a lease, rental agreement or other type of contract, containing various provisions which may affect the recovery rights of a subrogating insurer. Below are a …