Aircastle has reached settlement deals with two Russian airlines, receiving USD43m for the lease of four aircraft.
The aircraft were leased to Rossiya and Aurora, according to Aircastle.
Several other lessors, including AerCap, Air Lease Corporation, BOC Aviation, CDB Aviation, DAE Capital, SMBC Aviation Capital, and GA Telesis have also disclosed settlements with Russian lessees, as both the EU and US have imposed restrictions on new leases or existing contracts with Russian carriers since the Ukraine invasion, with exceptions for pre-approved settlements. Russian state-owned insurance firm NSK has been given funds to settle lessor claims on behalf of Russian airlines.
Aircastle has its headquarters in Stamford, Connecticut, with offices in Dublin and Singapore. It owns and manages 277 aircraft leased to 87 lessees located in 48 countries.
