Aug 4 (Reuters) - Aircraft lessor Air Lease Corp ( AL )

reported a rise in second-quarter profit and revenue on Monday,

as robust lease rentals helped offset the impact of a limited

supply of new aircraft.

Aircraft lessors have benefited from strong lease rates as

airlines rush to secure jets amid persistent supply-chain

challenges and limited aircraft availability.

"Demand for aircraft, both on the leasing and sales side,

remains robust and bodes well for margin expansion," CEO John

Plueger said.

However, production delays at Boeing ( BA ) and Airbus

have extended delivery schedules, limiting lessors'

ability to fully capitalize on the rising demand.

Air Lease ( AL ) reported a net income of $374.1 million, or $3.33

per share, for the quarter ended June 30, compared with $90.4

million, or 81 cents per share, in the same period a year

earlier.

Net income attributable to common stockholders rose compared

to the prior year mainly due to a $344 million net gain from

settling insurance claims with specific insurers related to

aircraft held in Russia, and higher revenue, the company said.

The company expects to recognize an additional net benefit

of about $60 million in the third quarter of 2025 from the

settlement of additional insurance claims.

Its revenue rose 9.7% to $731.7 million during the quarter.