CDB Aviation received a CNY1.42 billion yuan (USD194 million) payout from Russian state-owned insurer NSK, as settlement for its claims against Aeroflot Group. Parent China Development Bank Financial Leasing said in a stock market filing the payment, made in compliance with all relevant sanctions and laws, covers four undisclosed aircraft.
CDB Aviation will continue to pursue litigation in the Irish courts under its own insurance policies with other insurers. It will also seek insurance payouts covering aircraft previously leased to other Russian airlines.
The ch-aviation Commercial Aviation Aircraft Data module shows that Aeroflot (SU, Moscow Sheremetyevo) currently operates four aircraft ordered and formerly owned by CDB Aviation: three A320-200Ns and one A321-200NX. It was also due to take one more A320-200N from CDB's order book, but the delivery was deferred indefinitely due to sanctions imposed on Russia.
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