Aeroflot expects insurance settlement for 36 foreign aircraft by July
Aeroflot expects to finalize insurance settlements for 36 leased aircraft from foreign lessors by July 2025, according to CEO Sergei Aleksandrovsky, who spoke to Russian newspaper Kommersant.
“All commercial terms have already been agreed. We expect the actual completion of the settlement between May and July, so very soon,” he stated. The aircraft involved are the last in Aeroflot’s fleet still under dual registration, both in foreign and Russian registries.
Once completed, the number of officially cleared aircraft in Aeroflot’s fleet will increase from 192 to 228. The transactions will be funded through internal resources and bond issuance, although the company did not disclose the total cost.
“I can say this is an effective, economically attractive deal for us. The price is lower than current market value and below the terms we had previously,” Aleksandrovsky said.
International exposure and maintenance capabilities
The airline also plans insurance settlements for aircraft owned by former foreign divisions of Russian banks and companies. While many have already been deregistered abroad, there are still legal uncertainties due to the lessors being based in what Russia considers “unfriendly jurisdictions.”
These settlements are critical to ensure Aeroflot can operate international routes without the risk of aircraft seizure amid ongoing Western sanctions.
Regarding fleet maintenance, Aleksandrovsky said Aeroflot can already handle all repairs on its Airbus and Boeing aircraft, except for engine overhauls. To address this, the airline is launching a new maintenance center, AeroTrustTechnics, at Sheremetyevo Airport.
The 28,000-square-meter facility is expected to be fully operational by 2028, with the capacity to overhaul up to 70 engines per year, including CFM, PD-14, and PD-8 types.
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