Air Lease Corp recognizes $344mln insurance settlement in Q2

Air Lease Corporation recognized a $344 million benefit from an insurance settlement in Q2. The company is a global aircraft leasing firm that purchases planes directly from manufacturers and leases them to airlines worldwide. They also sell aircraft to third parties and provide fleet management services. The company operates in various regions, including Asia Pacific, Europe, the Middle East, and the Americas, with a customer base of 119 airlines in 62 countries.

Air Lease Corporation (NYSE: AL) reported a significant financial milestone in the second quarter of 2025, recognizing a $344 million benefit from an insurance settlement. The global aircraft leasing firm, which purchases planes directly from manufacturers and leases them to airlines worldwide, also announced a series of transactions and financial updates.

During the second quarter, Air Lease Corporation executed 116 transactions, including lease agreements, purchases, and sales across its portfolio of aircraft, engines, and helicopters. The company signed 71 lease agreements, comprising 8 widebody aircraft, 32 narrowbody aircraft, 13 engines, and 18 helicopters. Additionally, Air Lease completed 21 purchases, adding 11 aircraft to its owned portfolio, including 3 Airbus A320neo Family aircraft, 5 Boeing 737 MAX aircraft, and 3 Embraer E195-E2s, along with 5 engines and 5 helicopters.

AerCap sold 24 assets in the quarter, divesting 14 aircraft, 6 engines, and 4 helicopters. The aircraft sales included 9 Airbus A320 Family aircraft, 1 Airbus A320neo Family aircraft, 1 Boeing 767-300ER, and 1 Embraer E190 from its owned portfolio, plus 2 aircraft from its managed portfolio.

In a significant legal development, AerCap was awarded approximately $1 billion from war risks insurers by the London Commercial Court for assets lost in Russia in 2022. The company also reported securing approximately $2.9 billion in financing transactions during the quarter and repurchasing about 4.7 million shares at an average price of $94.03 per share, totaling approximately $445 million. Additionally, AerCap declared a quarterly cash dividend of $0.27 per share on its ordinary shares.

Air Lease serves approximately 119 airlines in 62 countries across various regions, including Asia Pacific, Europe, the Middle East, and the Americas. The company's financial health remains robust, with a debt-to-equity ratio of 2.53, a quick ratio of 0.39, and a current ratio of 0.39. The stock has a market capitalization of $6.58 billion, a P/E ratio of 10.28, and a beta of 1.35.

References:
[1] https://www.marketbeat.com/instant-alerts/filing-verity-asset-management-inc-invests-348000-in-air-lease-corporation-nyseal-2025-07-01/
[2] https://za.investing.com/news/company-news/aercap-completes-116-aircraft-transactions-in-second-quarter-93CH-3778404
[3] https://www.eplaneai.com/fr/news/aercap-wins-1-billion-russia-insurance-claim-completes-116-aircraft-deals-in-q2-2025