A $10 billion battle between reinsurers and aircraft leasing companies seeking payouts for more than 200 jets stuck in Russia should be heard in London rather than Moscow, London's High Court ruled on Thursday. Aircraft lessors, including Ireland's AerCap and U.S.-listed Carlyle Aviation Partners, are pursuing insurers for financial losses after Russia's invasion of Ukraine grounded their jets in Russia. The lessors argued the legal case should be heard in London rather than Moscow, to avoid the risk of unfair hearings or inconsistent judgments.
The stories you need to start your day: The White House’s artificial intelligence safeguards, MLB Opening Day and more in today’s edition of The Yodel newsletter
The UK’s biggest water supplier has 16 million households across London and the South East.