Swiss Re Wins in Florida Court Over Planes Stuck in Russia (1)

If an airline leases a plane that gets stuck in the middle of a war zone, does insurance cover its loss of use?

Swiss Re AG is the latest insurance giant to notch a win in US courts against international aircraft leasing companies looking to get paid for planes stuck in Russia.

Russia’s 2022 invasion of Ukraine set off the chain of events that left Carlyle Aviation Partners LLC unable to recover aircraft it had leased to Russian airlines, a Florida state court held Wednesday, limiting potential insurance coverage for the aircraft to a portion of the lessor’s policy specifically ...