{"id":21158,"date":"2023-12-22T17:17:25","date_gmt":"2023-12-22T17:17:25","guid":{"rendered":"https:\/\/www.insurancejournal.com\/?p=753186"},"modified":"2023-12-22T17:17:25","modified_gmt":"2023-12-22T17:17:25","slug":"air-lease-gets-insurance-settlement-for-4-jets-stranded-in-russia","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2023\/12\/22\/air-lease-gets-insurance-settlement-for-4-jets-stranded-in-russia\/","title":{"rendered":"Air Lease Gets Insurance Settlement for 4 Jets Stranded in Russia"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.insurancejournal.com\/app\/uploads\/2022\/04\/Airbus-A350-900-XWB-Airbus-Industrie-378446176-bigstock-580x387.jpg\"><\/p>\n<div><img decoding=\"async\" src=\"https:\/\/www.insurancejournal.com\/app\/uploads\/2022\/04\/Airbus-A350-900-XWB-Airbus-Industrie-378446176-bigstock-scaled.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<ul class=\"nav nav-tabs tabs tabs-entry\">\n<li class=\"active\"><a href=\"https:\/\/www.insurancejournal.com\/news\/international\/2023\/12\/22\/753186.htm\">Article<\/a><\/li>\n<li><a href=\"https:\/\/www.insurancejournal.com\/news\/international\/2023\/12\/22\/753186.htm?comments\" rel=\"nofollow\">0 Comments<\/a><\/li>\n<\/ul>\n<div class=\"article-content clearfix\">\n<p class=\"reuters\">Air Lease said on Friday it had received about $64.9 million in cash as part of an insurance claim settlement for four Airbus jets it had leased to a Russian carrier, which were blocked from leaving the country after Moscow\u2019s invasion of Ukraine.<\/p>\n<p>The settlement amount, received from the Russian insurance firm NSK, covers three A320-200 and one A321-200 aircraft that were leased to S7 Airlines. It does not include the five A321-200neo aircraft previously leased to S7.<\/p>\n<div class=\"bzn bzn-sized bzn-intext\">\n<ins data-revive-zoneid=\"79\" data-revive-block=\"1\" data-revive-id=\"36eb7c2bd3daa932a43cc2a8ffbed3a9\"><\/ins> <\/div>\n<p>Before the invasion of Ukraine last year, Russia was a major market for aircraft lessors, which bought jets from Boeing and Airbus and leased them to airlines in the country.<\/p>\n<p>These aircraft are now grounded in Russia, as Moscow has refused to release the jets after lessors canceled lease agreements in compliance with Western sanctions.<\/p>\n<p>Earlier this year, Ireland-based lessor SMBC Aviation Capital received a cash insurance settlement of $710 million for 16 jets and their engines stranded in Russia.<\/p>\n<p>Air Lease is in ongoing settlement discussions for other aircraft it had previously leased to Russian airlines.<\/p>\n<p>(Reporting by Shivansh Tiwary in Bengaluru; Editing by Pooja Desai)<\/p>\n<p class=\"tagtag\"> <span class=\"tagtag\">Topics<\/span> <a href=\"https:\/\/www.insurancejournal.com\/location\/russia\/\" class=\"btn btn-sm btn-primary tagtag\">Russia<\/a> <\/p>\n<\/p><\/div>\n<div class=\"article-poll\" data-post=\"753186\">\n<div class=\"article-poll-vote\">\n<p>Was this article valuable?<\/p>\n<\/p><\/div>\n<div class=\"article-poll-feedback voted-no\">\n<form class=\"feedback-form\">\n<p>Thank you! 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Please tell us what you liked about it.<\/p>\n<p> <textarea placeholder=\"Enter your feedback...\"><\/textarea> <button type=\"submit\" class=\"submit\" disabled>Submit<\/button> <button class=\"cancel\">No Thanks<\/button> <\/form>\n<\/p><\/div>\n<div class=\"article-poll-more-articles\">\n<p class=\"thank-you-text\">Here are more articles you may enjoy.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"subscribe-banner subscribe-banner-in-content-2\">\n<div class=\"content\">\n<h4>The most important insurance news,in your inbox every business day.<\/h4>\n<p>Get the insurance industry&#8217;s trusted newsletter<\/p>\n<\/p><\/div>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Article 0 Comments Air Lease said on Friday it had received about $64.9 million in cash as part of an insurance claim settlement for four Airbus jets it had leased to a Russian carrier,&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":21159,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[480,481,24,1,118],"jetpack_featured_media_url":"https:\/\/blog.lifeinsurance-orleans.ca\/wp-content\/uploads\/2023\/12\/air-lease-gets-insurance-settlement-for-4-jets-stranded-in-russia.jpg","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/21158"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=21158"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/21158\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media\/21159"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=21158"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=21158"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=21158"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}