Air Lease Corporation Nears Final Settlement in Litigation Over Aircraft Detained in Russia, Recovers $763.5 Million

Reuters
07-02
Air Lease Corporation Nears Final Settlement in Litigation Over Aircraft Detained in Russia, Recovers $763.5 Million

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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Air Lease Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-25-033782), on July 01, 2025, and is solely responsible for the information contained therein.

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