Aviation
Commercial /
Europe
Loss
AerCap wants $3.5 billion for aircraft stranded in Russia
Emraer E190-E2
Image: AerCap
Rafael Ramos
3/30/2022
After planes and their engines were stranded in Russia, the world's biggest aircraft leasing company is charging insurance companies about $3.5 billion for those planes.
Despite having already gotten 22 aircraft and three engines back, AerCap has been badly affected by the sanctions imposed and the termination of Russian leases and still has $2.5 billion at risk. 135 aircraft and 14 engines were stranded in Russia, or about 5% of the value of its fleet.
“Last week, we filed an insurance claim of approximately US$3.5 billion with respect to our remaining aircraft and engines in Russia,” Chief Financial Officer Peter Juhas told investors after the publication of financial results for the final three months of 2021. .
According to analysts, the potential unprecedented losses will mean years of divergence between lessors and insurers.
AerCap, now the world's largest aircraft lessor after acquiring GECAS last year, had 3,701 aircraft, engines and helicopters at the end of December.
Josue Isai Ramos Figueroa
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Rafael Ramos
Aviation enthusiast from an early age, he had his first contacts with the area developing that good old habit of spending dozens of hours in front of the screens of Micrsoft Flight Simulator and other simulators. With a solid background in various technological areas, including engineering and chemistry, Rafael has rejoined aviation as editor and author of articles and materials on our portal, providing invaluable help to the dynamics and expansion of the website and the aeronautical community, bringing us the news and updates so indispensable for us to remain current in our area of operation.
   
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