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22 December 2023Insurance

Aircraft lessor AerCap takes next $572m settlement for Russian aircraft

Aircraft lessor AerCap received its second major insurance payment on aircraft lost following the Russian invasion of Ukraine, taking $572 million in cash as full settlement of 47 aircraft and 5 spare engines on lease to two Russian airlines. 

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6 September 2023   Talks continue with other Russian lessees, but with only ‘uncertain’ outlook.
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31 March 2022   Book a court date; ‘it’s reasonable to assume’ insurers will contest the sum, CFO admits.
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19 August 2015   US insurer American International Group (AIG) has unveiled plans to divest its remaining stake in aircraft leasing company AerCap.