Air Lease receives $329 million insurance payout for jets detained in Russia

From Yahoo Finance: 2025-03-24 08:48:00

Aircraft lessor Air Lease Corp received $328.5 million in cash from insurance settlements related to jets detained in Russia post Ukraine invasion. Lessors canceled leases due to sanctions, but Moscow held planes. Air Lease has recovered $424.3 million from $791.0 million claim. Settlement talks ongoing with other insurers.

Read more: Air Lease gets $329 million in insurance payout for jets stranded in Russia