SMBC proceeds from Russian jet insurance settlements hit $1.4 billion

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SMBC proceeds from Russian jet insurance settlements hit $1.4 billion - Channel News Asia

Quick Summary:

DUBLIN :Aircraft lessor SMBC Aviation Capital has booked a further $654 million in proceeds from insurance settlements over the past year related to jets stranded in Russia following Western sanctions, the Irish-headquartered company said on Thursday.

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It was one of six lessors that ended an Irish lawsuit against their insurers last month following a series of settlements.