Ireland-based aircraft lessor SMBC Aviation Capital on Monday said it had received a cash insurance settlement of $710 million for its jets previously leased to Russia's state-owned airline Aeroflot. The lessor under Japan's Sumitomo Mitsui Financial Group said the settlement amount reflects its claims on Aeroflot's insurance related to 16 aircraft and their engines. An additional insurance settlement has been concluded for one aircraft and its associated engines managed by SMBC Aviation.
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