MOSCOW, June 5 (Reuters) - Russian flag carrier Aeroflot
expects to sign settlement deals with Western insurers
and leasing firms on the last 36 planes from a total of 228
aircraft it agreed to buy, Aeroflot head Sergei Aleksandrovski
told Russian newspaper Kommersant.
Aircraft leasing firms, such as AerCap ( AER ) and BOC
Aviation ( BCVVF ) have struck settlements with Russia totalling
at least $2.7 billion for over a quarter of the roughly 400
aircraft stuck in the country since Moscow's invasion of Ukraine
in 2022.
"Only 36 aircraft remain, which are currently in the active
phase of insurance settlement. Essentially, these are the last
planes (needed to be settled) owned by fully fledged foreign
lessors," he said in an interview published late on Thursday.
Aeroflot expects that the agreements on the 36 planes could
be finalised between May and July this year, Aleksandrovski
added.
As part of previous deals, international lessors have handed
ownership of the planes to a Russian state insurance company,
NSK, which used state budgetary funds to buy them and transfer
them to Russian airlines.
Aleksandrovski said government money would not be used for
these 36 planes, but did not disclose the value of the deal. The
settlement will be paid from Aeroflot's own and borrowed funds.