Finance
Air Lease gets $329 million in insurance payout for jets stranded in Russia
Published by Global Banking & Finance Review®
Posted on March 24, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on March 24, 2025
1 min readLast updated: January 24, 2026
Air Lease Corp secured $328.5M in insurance for jets stranded in Russia due to the Ukraine invasion, recovering $424.3M from a $791M claim.
(Reuters) - Aircraft lessor Air Lease Corp said on Monday it has received $328.5 million in cash, as part of certain insurance settlements related to its aircraft which were blocked from leaving Russia after the country's invasion of Ukraine.
Before the invasion in early 2022, Russia was a key market for aircraft lessors, who purchased jets from Boeing and Airbus and leased them to the country's airlines.
Lessors canceled these leases following Western sanctions, but Moscow refused to return the aircraft, effectively detaining them. Since then, lessors have been pursuing their insurers to recover losses on the stranded jets.
Air Lease said in a regulatory filing on Monday that it has recovered about $424.3 million from its initial $791.0 million claim to date.
The leasing firm remains in settlement talks with other insurers.
(Reporting by Anshuman Tripathy in Bengaluru; Editing by Shailesh Kuber)
The main topic is Air Lease Corp's insurance payout for jets stranded in Russia following the Ukraine invasion.
The jets were stranded due to Western sanctions after Russia's invasion of Ukraine, leading to lease cancellations.
Air Lease has recovered about $424.3 million from its initial $791 million insurance claim.
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