Air Lease Corporation receives USD328m in insurance settlements related to aircraft held in Russia
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Background ✨
Air Lease Corporation reported a decrease in its profit before tax by 29.2% to USD533.3 million for the year ending 31-Dec-2024, compared to the previous year, with a net profit of USD427.7 million, down 30.4%1. Dubai Aerospace Enterprise, another lessor, also received significant settlements from insurance claims related to aircraft in Russia, totalling USD319 million by early 20252.