Aeroflot Group is negotiating with foreign lessors on insurance settlements for 17 more foreign aircraft. In total, it is planned to finalise insurance settlements on 61 foreign aircraft by the end of the year.
The insurance settlement on the group’s aircraft is planned to be made from the net profit of the Pobeda low-budget airline, a member of Aeroflot group. This was announced by the group’s CEO Sergey Alexandrovsky at a briefing at the Eastern Economic Forum in Vladivostok.
“Now we are negotiating another 17 aircraft, and by the end of the year we plan to finalise the process for 61 aircraft. As part of the settlement, 300bn roubles will be allocated from the Federal National Bank for all airlines. But with the condition that air carriers will also allocate their net profit to the settlement,” Alexandrovsky said.
He noted that the Pobeda low-coster at the end of last year received a net profit of 15 billion rubles, which “in full will be directed to the insurance settlement of the group’s aircraft.”
In early September, Aeroflot said it had bought 18 aircraft and five aircraft engines from Irish lessor AerCap.
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