Former DVB lessor files suit in latest Russian aircraft claim

03-01-2023

Former DVB lessor files suit in latest Russian aircraft claim

shutterstock/Sergey Chayko

Deucalion Aviation, the aviation asset and investment management business previously belonging to DVB Bank, has filed a suit against ten insurers and ten Lloyd's syndicates, presumably another in the chain of cases for aircrafts stranded in Russia.

KDAC Aviation Finance (Cayman) is bringing the suit. KDAC last posted financial statements for FY2021, noting just one lost aircraft in the subsequent events with a net book value at $11.6 million.


Insurance, Aviation, Lloyd's, Litigation, KDAC, Chubb, HDI Global, Global Aerospace Underwriting, Starr, Fidelis, Convex, Swiss Re, AXIS, Great Lakes

Intelligent Insurer