Published: Mon 11 Mar 2024

Lessor CALC reaches $23.6mn settlement with Russia’s Aeroflot

Aviation lessor China Aircraft Leasing Group Holdings has received an insurance settlement worth $23.6mn from a Russian insurer regarding an aircraft leased to flag carrier Aeroflot at the time of Moscow’s invasion of Ukraine.

Insurance

Russia-Ukraine

Legal dispute

Aviation

Published: Mon 11 Mar 2024

Russia-Ukraine lessor disputes overshadow otherwise stable aviation renewals

War risk insurers say lessor losses were a “commercial decision” of Russian airlines

Lessor CALC reaches $23.6mn settlement with Russia’s Aeroflot

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