AirBridgeCargo ordered to pay $406.2 million to freighter lessor
Court rules that Russian carrier has defaulted on leases for 3 Boeing freighters
A New York District Court Tuesday ordered Russian carrier AirBridgeCargo to pay aircraft lessor BOC Aviation $406.2 million after being declared in default on leases for three Boeing 747-8F aircraft following Russia’s invasion of Ukraine. Judge Lewis Liman found the defendant, ABC and its parent, Volga-Dnepr Logistics BV, liable after the invasion and resulting sanctions […]
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