Aircraft lessor Greylag sues insurers over ~$230mn grounded units in Indonesia
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn

© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.


Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Aircraft lessor Greylag sues insurers over ~$230mn grounded units in Indonesia

Garuda_Indonesia.png

Aircraft leasing firm Greylag Goose has sued various insurers and Lloyd’s syndicates in a New York court over two grounded units in Jakarta, Indonesia.

The lessor, which is backed by investment firm Avenue Capital, argued that the units were grounded by Indonesian carrier PT Garuda in July 2021 and have been “dismantled and cannibalized” since then, and are no longer serviceable or airworthy.

Greylag...

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Gift this article