“Dubai Aviation Industries” receives an additional 282 million dollars from the settlement of claims

“Dubai Aviation Industries” announced today, that it recently received cash revenues with a total of about $ 282 million of settlements with specific insurance companies in relation to planes that were previously rented to firms in the Russian Federation.

The company and its relevant authorities had issued its claims against the insurance and reinsurance companies concerned.

In light of the above, “Dubai Aviation Industries” has so far received total cash amounts of $ 601 million, including settlements announced in 2023 and 2024 with several parties.

The company confirmed the continuation of litigation procedures in the English courts under its insurance policies, and to continue its efforts to reduce its losses related to the aircraft that were previously rented to firms in the Russian Federation.