Air Lease chairman says pursuing insurance claims over Russia


Air Lease Corp is pursuing "vigorous" insurance claims over jets stranded in Russia following changes in the law preventing their repossession, Steven Udvar-Hazy, founder and executive chairman of the U.S. lessor, told the Airline Economics conference.

It would have been difficult for the leasing industry to prepare for such a "once in a post-World War II event," he said.

Source: Reuters

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