AerCap Reaches Settlement with Insurer, Reduces Coverage Limits

AerCap Holdings, an aircraft leasing company based in Ireland, has entered into a settlement agreement with one of its insurers. Under the terms of the settlement, AerCap expects to receive a payout of less than half of the originally anticipated $250 million, amounting to below $125 million. This agreement also entails adjustments to AerCap’s insurance coverage limits, with aircraft and hull coverage reduced to approximately $1.9 billion and war risk coverage decreased to $1.1 billion.