Aviation

Lessor AerCap in $645m settlement with Russian insurer over 17 stranded jets

World’s largest leasing company says agreement reduces to $2.75bn the value of its $3.4bn insurance claim over lost aircraft and engines

Aengus Kelly, AerCap’s chief executive: the Irish lessor has been pursuing insurance claims over planes it has leased to Russian airlines which became stranded after the invasion of Ukraine. Picture: Fergal Phillips