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Air Lease Chairman States Pursuing Insurance Coverage Claims Over Russia|Investing News

Byadmin2

May 9, 2022
tagreuters.com2022newsml LYNXNPEI480EV12022 05 09T101731Z 1 LYNXNPEI480EV RTROPTP 3 AVIATION FINANCE LEASES

DUBLIN (Reuters) – Air Lease Corp is pursuing “energetic” insurance coverage declares over jets stranded in Russia following modifications in the law avoiding their foreclosure, Steven Udvar-Hazy, creator and executive chairman of the U.S. lessor, informed the Airline company Economics conference.

It would have been challenging for the leasing market to get ready for such a “as soon as in a post-World War II occasion,” he stated.

( Reporting by Padraic Halpin, modifying by Tim Hepher)

Copyright 2022 Thomson Reuters

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