Air Lease and SMBC disclose settlements with insurers
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Air Lease and SMBC disclose settlements with insurers

Settlements relate to aircraft that were blocked from leaving Russia since 2022.

By Rebecca Perkins
March 25, 2025
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Aircraft lessor Air Lease has reached a settlement of $328.5mn with its insurers over aircraft seized by Russia following its invasion of Ukraine, while SMBC confirmed it has discontinued proceedings against "certain insurers".

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Specialty lines News Aerospace Legal London market UK and Europe
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