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Air Lease Receives $112.4M In Insurance Settlements

ByAdmin

Air Lease Corporation (ALC) and several of its subsidiaries have successfully entered into settlement agreements with unnamed insurance providers, resulting in a total recovery of $112.4 million in cash proceeds. The settlements bring closure to a protracted claims process that had been ongoing, likely related to aircraft detained or affected by geopolitical or operational incidents.

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AZAL To Add Over 30 New-Generation Aircraft To Fleet

ByAdmin

AZAL Azerbaijan Airlines has announced ambitious expansion plans, with expectations to introduce more than 30 new-generation aircraft into its fleet. This large-scale fleet renewal is supported by signed agreements with aircraft manufacturers and leasing companies, aligning with the airline’s long-term modernization strategy.