Air Lease Corporation announced that it received $328.5 million in cash during the first quarter of 2025 as part of insurance settlements. These proceeds are related to aircraft that were blocked from leaving Russia following the country's invasion of Ukraine.
This significant financial recovery provides a substantial boost to the company's liquidity and helps mitigate losses incurred from the write-off of its Russian fleet. The settlement reflects ongoing efforts to resolve the complex situation surrounding the detained aircraft.
Air Lease also indicated that it is engaged in ongoing settlement discussions with other insurance and reinsurance providers. This suggests potential for further recoveries, which could continue to positively impact the company's financial position.
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