Aircraft lessor Avolon books $177 million from Russian insurance settlement
Published by Global Banking & Finance Review®
Posted on February 13, 2025
1 min readLast updated: January 26, 2026

Published by Global Banking & Finance Review®
Posted on February 13, 2025
1 min readLast updated: January 26, 2026

Avolon, a major aircraft lessor, has secured $177 million from insurance settlements for aircraft stranded in Russia after 2022 sanctions.
DUBLIN (Reuters) - Aircraft lessor Avolon has booked $177 million in proceeds from settlements of insurance claims in respect of aircraft stranded in Russia after Western sanctions in 2022 and does not expect additional recoveries.
Avolon, the world's second -largest aircraft lessor, last week said it had discontinued court proceedings in Ireland after reaching commercial resolutions with its insurers.
"We're not anticipating any material incremental recoveries from here on," Avolon CEO Andy Cronin told Reuters.
(Writing by Conor Humphries; Editing by David Goodman)
The main topic is Avolon's $177 million insurance settlement for aircraft stranded in Russia due to Western sanctions.
The aircraft were stranded in Russia as a result of Western sanctions imposed in 2022.
Avolon is the world's second-largest aircraft lessor.
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