AerCap’s separate US$3.4 billion claim against the “All Risks” insurers under its contingent and possessed insurance policy that relates to these 17 aircraft and five spare engines is approximately US$908 million. As a result of the receipt of these insurance settlement proceeds, AerCap stated that the claim will be reduced to approximately US$2.75 billion.
AerCap added that Insurance settlement discussions with respect to its claims under the insurance policies of several other Russian airlines remain “ongoing”. AerCap states: “However, it is uncertain whether any of these discussions will result in any insurance settlement or receipt of insurance settlement proceeds and, if so, in what amount. In particular, it remains uncertain whether the necessary approvals and funding to complete any such further insurance settlements can be obtained.”
Meanwhile, Türkiye’s national flag carrier, Turkish Airlines, has announced a new order for 10 additional A350-900 aircraft, taking its total for the type to 40. This latest agreement is in addition to one announced in August for four A350-900s. Turkish Airlines already operates a fleet of 14 A350-900s.
Christian Scherer, Airbus Chief Commercial Officer and Head of Airbus International, that the additional order from Turkish Airlines for 10 more A350-900 aircraft “demonstrates the confidence for our unique new generation aircraft that offers airlines unbeatable economics and efficiency”.