![]() ![]() The judge rejected the Russian carrier’s defence that neither side could have foreseen the circumstances, and he dismissed the argument that it was impossible to ground the planes outside Russia because Moscow had ordered them to be flown back.īOC Aviation said it was able to recover one B747-8(F) and two of its four engines, while the two other jets of the same type and two engines remain in Russia. ![]() Liman said the lessor had proven that the Russian government had effectively seized the aircraft by keeping them from being used outside Russia, “save perhaps to areas in Ukraine or for the purposes of the war.” This undermined the ability of BOC Aviation to execute its right to reclaim possession. ![]() In a 57-page decision seen by Reuters, US District Judge Lewis Liman found the defendant and its parent company, Amsterdam Schiphol-based Volga-Dnepr Logistics BV, liable, after international sanctions that followed the invasion left the plaintiff, BOC Aviation, unable to reclaim three of its Boeing freighters. A ruling at the United States District Court for the Southern District of New York has awarded Bank of China-owned lessor BOC Aviation USD406.2 million at the expense of Russia’s AirBridgeCargo (RU, Ulyanovsk Vostochny) for lapsed lease payments since the February 2022 invasion of Ukraine. ![]()
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