Air Lease Corporation has been engaged in litigation to recover losses related to aircraft detained in Russia. The company, along with its subsidiaries, filed insurance claims against their insurers under a contingent and possessed insurance policy. In June 2025, Air Lease reached settlement agreements with certain insurers, resulting in $112.4 million in cash proceeds, which will be recorded as an insurance recovery for the second quarter of 2025. This follows an earlier recovery of $226.7 million, bringing the total recovered to $763.5 million from an initial write-off of $791.0 million. The company expects to finalize a settlement with the remaining insurer by the third quarter of 2025.
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