Air Lease Said It Received Cash Insurance Settlement Proceeds Of About $64.9M Regarding Three A320-200 And One A321-200 Aircraft In Co's Owned Fleet On Lease To S7 At Time Of Russia's Invasion Of Ukraine
Portfolio Pulse from Charles Gross
Air Lease Corporation received approximately $64.9 million in insurance settlement proceeds for four aircraft in its owned fleet that were on lease to S7 Airlines during Russia's invasion of Ukraine. The settlement is related to three A320-200 and one A321-200 aircraft.
December 22, 2023 | 11:09 am
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POSITIVE IMPACT
Air Lease Corporation received a significant insurance settlement of $64.9 million, which is likely to have a positive impact on its financial position.
The receipt of $64.9 million in insurance proceeds is a substantial financial gain for Air Lease Corporation, which can positively affect the company's earnings and provide additional liquidity. This news is directly related to the company's assets and revenues, and it is likely to be viewed positively by investors, potentially leading to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100