By Maria Ward-Brennan US-Irish aviation leasing giant Aercap has revealed that it has recovered just under $1.3bn (£1.02bn) in insurance settlements, ahead of its English legal battle set for trial later this year. Aercap is one of several airline leasing companies that has brought legal action against the majority of the insurance giants in the Lloyd’s market over stranded planes. Following the Russian invasion into Ukraine, approximately 500 foreign-owned aircraft remained in Russia, with a market value greater than $10bn (£787m). The leasing companies immediately turned to their insurers as…