Insurers including Bermudian-based Fidelis and Chubb, which has substantial operations on the island, were granted permission to appeal against a London court ruling in favour of the world’s largest aircraft lessor AerCap over jets stuck in Russia since its war on Ukraine, Reuters reported.

London’s ​High Court ruled ‌in June that AerCap can recover just over $1 billion ⁠from its war ​risks insurers, though that was less than the ​roughly $2 ​billion it sought under a broader all-risks ‌clause.

The court ruled broadly in favour of leasing companies in a multi-billion-dollar legal dispute with insurers, following the trial of one of the biggest insurance disputes yet heard in London.

But Chubb, Fidelis ‌and Lloyd's were given permission ‌to challenge ⁠the ruling at the Court of Appeal, with the appeal hearing expected ​to last up to five days.

The lawsuit ​had focused on almost 150 jets and some engines, previously with a total value of up to $4.7 billion, though settlements — including ​on the first day of the trial in October 2024 — whittled the numbers down.

AerCap, Dubai Aerospace Enterprise, known ⁠as DAE, ‌Merx Aviation, KDAC Aviation Finance, ​Falcon and Genesis had led the claims against insurers, including AIG, Lloyd's, Chubb and Swiss Re. KDAC settled all ‌its claims during ⁠the trial, while AerCap, DAE and other ⁠lessors ​have periodically disclosed settlements.