Russia has so far pulled 186 aircraft off foreign registers

US flags Russian bizjets for sanctions violations

Aeroflot, AerCap “settle relations” over stranded aircraft

In the first known deal of its kind since sanctions were imposed on Russia for its invasion of Ukraine, a Russian airline and a Western lessor have agreed to settle an insurance claim over Airbus and Boeing aircraft stranded there. AerCap and Aeroflot Group released separate statements confirming not only that the two had been in full negotiations, something that the Russian side had already alluded to, but that a cash payment had been exchanged for the aircraft.

“The process of settling relations with the lessor AerCap (Ireland) for 18 aircraft and five aircraft engines operated by Aeroflot Group companies has been completed,” the majority state-owned Aeroflot, Pobeda, and Rossiya parent said in its statement dated September 5.

“AerCap has terminated its claims against the Russian parties both under insurance policies issued by Russian insurance companies and under leasing agreements with Aeroflot and Rossiya Airlines. Ownership of the aircraft and engines was transferred to the insurance company NSK Insurance Company LLC, which paid the settlement amount,” it added.

Aeroflot...

Moscow agrees to fund Russian airlines’ foreign jet buyouts

Rossiya launches B737-900(ER) operations