Aircraft leasing company SMBC Aviation Capital has concluded legal disputes in Ireland with additional insurers regarding aircraft stranded in Russia due to Western sanctions in 2022. The company confirmed that they have dropped legal proceedings against specific insurers, including Fidelis. Reports indicate that agreements have been reached with Fidelis and progress is being made with Chubb. Similarly, CDB Aviation has reportedly settled with Fidelis and Ping An, although a spokesperson declined to provide a statement on this matter.

All litigation involving "war risk" defendants has been resolved, with a separate treatment for "all-risk" and "war-risk" policies. SMBC had previously settled with Swiss Re and Scor Europe among the 18 insurers involved in the legal action last June. In total, aircraft lessors are pursuing numerous insurers globally for losses exceeding $8 billion as a result of over 400 planes being stuck in Russia following the sanctions imposed due to Moscow's actions in Ukraine.

Major aircraft lessors like Avolon, BOC Aviation, and Nordic Aviation Capital have already resolved their legal issues in Dublin. The ongoing Irish High Court trial revolves around insurance claims amounting to around 2.5 billion euros ($2.6 billion). SMBC's parent company, Sumitomo Corporation, disclosed that SMBC received $445 million in insurance settlements during the second half of fiscal year 2024 in connection with the case.

The lessors have disclosed settlements with Russia worth over $2.5 billion for more than 100 aircraft, which were subsequently transferred to Russian airlines. This trial, held in Ireland where over 60% of the world's leased aircraft are managed, is the country's largest by the number of lawyers involved.