Air Lease Corporation has settled a USD64.9 million insurance claim for three A320-200s and one A321-200 leased to S7 Airlines (S7, Novosibirsk) when Russia invaded Ukraine in February 2022. The lessor disclosed receipt of the funds in a December 22, 2023, Securities Exchange Commission (SEC) filing. The insurer was Russia’s NSK.

“The insurance settlements and receipt of the settlement proceeds described above were approved by the US Department of Commerce and the US Department of the Treasury and are consistent with other…

Source: ch aviation
Read more: ALC settles S7 Airlines insurance claim for .9mn