The Russian blockade of aircraft costs insurers more than $1 billion.

The world's largest aircraft lessor AerCap is set to receive over $1 billion from insurers

The world's largest aircraft leasing company, AerCap, may receive over $1 billion from insurers for aircraft that remained in Russia after the invasion of Ukraine. The verdict was delivered by the High Court in London, less than the initial claims of AerCap amounting to $2 billion, but it is still a victory for leasing companies in the court dispute, reports CNN.

The court proceedings, which concluded in February, involved over 150 aircraft and engines and had a total value of over $4.7 billion. Judge Christopher Butcher determined that the aircraft were lost due to Russian legislation that prohibited their export.

According to the court's decision, AerCap may receive compensation of over $1 billion for the aircraft left in Russia after the war in Ukraine. This is an important decision for the affected parties in this conflict and may serve as a precedent in similar situations in the future.