GLOBAL AEROSPACE UNDERWRITING MANAGERS LTD AND OTHERS v GLOBAL PRIVATE INVESTMENTS LTD

[2024] Lloyd's Rep IR Plus 30

ABU DHABI GLOBAL MARKET COURT OF APPEAL

Before Chief Justice Lord David Hope , Justice Kenneth Hayne and Justice Sir Peter Blanchard

Insurance (aviation) – Measure of indemnity for damaged aircraft – Whether policy provided for diminution in value or repair costs – Whether accelerated depreciation could be recovered – Scope of cover for cost of hiring replacement aircraft.