US courts awards $406.2 million to be paid to BOC Aviation over aircraft stuck in Russia

AirBridgeCargo Airline will pay BOC Aviation $406.2 million as per a judgement passed by the US court, Reuters reports. The carrier is being declared in default on leases for three Boeing 747-8F aircraft following the Russia-Ukraine war. AirBridgeCargo went into default after being unable to maintain required reinsurance coverage, BOC Aviation claimed. The defendant airline and its parent company Volga-Dnepr logistics were found liable for payment by the US District Judge Lewis Liman. In the 57-page verdict the judge said that BOC Aviation had proven that the Russian government had affected a seizure of the planes and engines by keeping