{"id":83223,"date":"2024-12-19T00:00:00","date_gmt":"2024-12-19T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/12\/19\/dubai-aerospace-enterprise-receives-usd-201-mn-in-settlements-from-ins-companies\/"},"modified":"2024-12-19T00:00:00","modified_gmt":"2024-12-19T00:00:00","slug":"dubai-aerospace-enterprise-receives-usd-201-mn-in-settlements-from-ins-companies","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/12\/19\/dubai-aerospace-enterprise-receives-usd-201-mn-in-settlements-from-ins-companies\/","title":{"rendered":"Dubai Aerospace Enterprise receives USD 201 mn in settlements from ins. companies"},"content":{"rendered":"

Aircraft lessor Dubai Aerospace Enterprise (DAE) receiv<\/strong>ed some USD 201 mn in settlements over the last three months from ins. companies <\/strong>over some of its aircraft that were retained in Russia following its invasion of Ukraine, according to a press release<\/a>. <\/p>\n

Where\u2019s the beef? <\/strong>DAE and its affiliates had previously issued claims against a number of ins. and reins. companies, including French ins. provider Axa, against which it had issued USD 737.8 mn in claims for aircraft and equipment on lease in Russia. It reportedly reached a full settlement with Axa over some of its claimed jets in October<\/a>. <\/p>\n

This brings the total value of DAE\u2019s reclaimed settlements to USD 319 mn <\/strong>\u2014 including previous settlements agreed in 2023 for seven aircraft. <\/p>\n

What\u2019s next? <\/strong>The Dubai-based lessor said it will continue to actively pursue its legal proceedings in British courts, where many trials have taken place between ins. providers and aircraft lessors over aircraft left in Russia, including a mega trial back in October. <\/p>\n","protected":false},"excerpt":{"rendered":"

The aircraft lessor has been receiving proceeds from ins. providers for the past three months<\/p>\n","protected":false},"author":1,"featured_media":83224,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[246],"tags":[421,245,129],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-83223","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dispute-watch","tag-dae","tag-dispute-watch","tag-uae","wpautop","entry"],"acf":{"mongo_id":"20ef96c1-1536-4092-8ef2-b29fbd84170b","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/12\/1822.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Dubai Aerospace Enterprise receives USD 201 mn in settlements from ins. companies","related_issue":[83210],"teaser":"The aircraft lessor has been receiving proceeds from ins. providers for the past three months","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/12\/.9d4478b7-b7ce-41f4-9ef2-244f2bf4bbb3.mp3"},"yoast_head":"\nDubai Aerospace Enterprise receives USD 201 mn in settlements from ins. companies - Logistics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/logistics\/2024\/12\/19\/dubai-aerospace-enterprise-receives-usd-201-mn-in-settlements-from-ins-companies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dubai Aerospace Enterprise receives USD 201 mn in settlements from ins. companies\" \/>\n<meta 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