SMBC proceeds from Russian jet insurance settlements hit $1.4 billion

SMBC proceeds from Russian jet insurance settlements hit $1.4 billion

DUBLIN :Aircraft lessor SMBC Aviation Capital has booked a further $654 million in proceeds from insurance settlements over the past year related to jets stranded in Russia following Western sanctions, the Irish-headquartered company said on Thursday.That brought SMBC's total recoveries from claims following

SMBC Aviation Capital posts record profit and growth for FY2025

SMBC Aviation Capital has announced record results for the financial year ended March 31, 2025, posting a pre-tax profit of US$563 million, up 22% year-on-year before exceptional items. Including proceeds from the Russian insurance settlement, which totalled US$630 million during the period, profit before tax reached US$1.2 billion. Core lease rental income rose to US$2 billion, an increase of US$59 million compared with the previous year, drive…