This month, Jersey entered Level 1 of its exit strategy, meaning all close personal contact services and treatments can go ahead, up to 80 people can attend funerals - provided they social distance - and changing rooms at gyms can reopen. Pictured: Deputy Gavin St Pier said Guernsey is "not considering" an airbridge with Jersey. ![]() "They have adopted a different strategy on this and I'm not critical on that - I think every jurisdiction has to make their own judgements on what they believe is right for their community." "We're not even considering opening to Jersey at this stage," Deputy St Pier said during an interview with Isle of Man TV, whilst on his recent isolation-free holiday. It hit zero known cases for a short while last month, but that number quickly started to climb again as people entered the island. There are now 11 active cases in the island, as of Friday morning, with thousands still awaiting results. There are no plans to open up an air bridge to Jersey anytime soon, according to Deputy Gavin St Pier, so long as new cases keep being identified. They were issued in 20 to.Air bridge to Jersey would be "inappropriate and incompatible" Friday 14 August 2020 In the Celestial case, the AerCap subsidiary was the beneficiary of seven standby letters of credit confirmed by UniCredit. The letters of credit are governed by English law. ![]() These letters of credit, in turn, confirmed irrevocable letters of credit issued by Russian majority-state-owned bank Sberbank (parent of Russian lessor Sberbank Leasing). In both, the claimants - AerCap subsidiary Celestial Aviation Services (CATIL) and Aircastle subsidiary Constitution Aircraft Leasing - were trying to obtain payment under standby letters of credit that were confirmed by the London branch of UniCredit - an international banking group headquartered in Milan that became the fifth-largest of Germany's financial institutions when it merged with HypoVereinsbank (HVB) in 2005. The judgement, handed down remotely on March 23, 2023, relates to two cases heard together. International banking group UniCredit wrongly withheld USD68.9 million (EUR63 million) in payment guarantees from subsidiaries of lessors AerCap and Aircastle, for fear of busting Western sanctions against Russia, the London-based High Court of England and Wales has ruled. Lessors entitled to $69mn Russian guarantees says UK court - 04:24 UTC The judge rejected the Russian carrier’s defence that neither side could have foreseen the circumstances, and he dismissed the argument that it was impossible to ground the planes outside Russia because. Liman said the lessor had proven that the Russian government had effectively seized the aircraft by keeping them from being used outside Russia, “save perhaps to areas in Ukraine or for the purposes of the war.” This undermined the ability of BOC Aviation to execute its right to reclaim possession. In a 57-page decision seen by Reuters, US District Judge Lewis Liman found the defendant and its parent company, Amsterdam Schiphol-based Volga-Dnepr Logistics BV, liable, after international sanctions that followed the invasion left the plaintiff, BOC Aviation, unable to reclaim three of its Boeing freighters. US court orders Russia’s AirBridgeCargo to pay lessor $406mn - 03:51 UTCĪ ruling at the United States District Court for the Southern District of New York has awarded Bank of China-owned lessor BOC Aviation USD406.2 million at the expense of Russia’s AirBridgeCargo (RU, Ulyanovsk Vostochny) for lapsed lease payments since the February 2022 invasion of Ukraine. Volga-Dnepr Group and its subsidiary airlines are not specially designated by the United States or the European Union, although they fall under the blanket sanctions imposed on the Russian aviation sector that practically ban any deals with. Isaikin sold the company to management in mid-2022 to allow it to avoid sanctions. The Canadian government also sanctioned Alexey Isaikin, the founder and, until recently, owner of Volga-Dnepr Group. ![]() The sanctioned Volga-Dnepr Group entities include Volga-Dnepr Airlines (which operates Soviet-made freighters: An-124-100s and Il-76TD-90VDs), AirBridgeCargo (which operates Western-made freighters: B747-400ERFs, B747-8Fs, and a single B777-200F), and narrowbody specialist Atran (with a fleet of a single B737-400(SF) and six B737-800(BCF)s).ĭue to sanctions previously imposed on Russian airlines by other countries, only Volga-Dnepr Airlines is currently active, while the two carriers operating Western-made freighters are dormant. The government of Canada has updated its list of sanctioned Russian entities, adding Volga-Dnepr Group with all of its subsidiaries and aircraft manufacturer UZGA (Russian Federation) ( Ekaterinburg). Canada sanctions Volga-Dnepr Group, UZGA - 05:45 UTC
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