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Russia's Aeroflot to settle deals for last 36 planes leased from West
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Russia's Aeroflot to settle deals for last 36 planes leased from West
Jun 5, 2025 8:48 AM

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.

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