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Irish jet lessor AerCap sues Russian air cargo carrier Volga-Dnepr

Alexey Isaikin, a former Soviet-era colonel, founded the company in 1990

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A Volga-Dnepr Antonov An-124 strategic airlift cargo aircraft in Germany. Photographer: Krizstian Bocsi/Bloomberg

A Volga-Dnepr Antonov An-124 strategic airlift cargo aircraft in Germany. Photographer: Krizstian Bocsi/Bloomberg

A Volga-Dnepr Antonov An-124 strategic airlift cargo aircraft in Germany. Photographer: Krizstian Bocsi/Bloomberg

Irish units of AerCap, the world’s biggest aircraft leasing company, have launched a legal action in London against a Dutch subsidiary of Russian air cargo giant Volga-Dnepr, the Irish Independent has learned.

It’s thought to be one of the first cases taken by an aircraft lessor against a Russian client carrier, after billions of dollars worth of aircraft owned by western jet lessors were seized by the country following sweeping sanctions imposed following its invasion of Ukraine.


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