Russian airlines struggle with SSJ spares, fuel in Türkiye

Russian airlines proposed settlements to AerCap – CEO

09.03.2023 – 06:39 UTC

Airlines in Russia have reached out to AerCap to explore “potential insurance settlements” related to the lessor’s 116 aircraft stranded there when the country invaded Ukraine in February 2022. Separately, one of the insurance firms the Dublin-based lessor is fighting in a lawsuit to seek recompense for the losses has told a court that it is not liable for them.

AerCap CEO Aengus Kelly acknowledged during an earnings call that his company had been approached by Russian carriers and their own insurance companies in an effort to seek compromise. But he admitted that it was unclear how such a deal could be reached, given that international sanctions against Russia would mean a proposal would need European Union and United States approval.

During the call, an investment analyst asked about “a recent article” speculating that AerCap had been “in discussion with a Russian airline to purchase planes at a discounted price” and asked for comment on that and on whether any such deal is “even possible” due to the sanctions.

Kelly responded: “As you know, we are…