Aeroflot Completes Insurance Settlement for 17 Aircraft

Aeroflot has completed insurance settlements on 17 aircraft and plans to “clean up” another 19 aircraft in its fleet by the end of the year, the airline’s CEO Sergei Aleksandrovsky told reporters at the Eastern Economic Forum 2025.

"We have already completed the settlement of 17 aircraft, we are continuing to work on another 17 aircraft, we plan to complete it by the end of September. This is a fairly complex legal scheme, there is absolute readiness on our part, on the part of the counterparty. The total amount of financing for the aircraft is $1.1 billion. This is for 17 aircraft that have already been settled, 17 aircraft that are in the process, and two more that we plan to settle by the end of the year," the top manager explained.

He added that Aeroflot finances the deals through bond loans totaling 86.9 billion rubles, of which the carrier spent 45 billion rubles on deals for the first 17 aircraft.

Aeroflot is the largest airline in RUSSIA. The airline's fleet includes 171 aircraft, of which 41 are long-haul aircraft, according to the carrier's website. The group's fleet (which also includes Rossiya and Pobeda airlines) includes 349 aircraft, of which 59 are long-haul and 78 are Russian short-haul SSJ100s (all in the Rossiya airline fleet).

After the introduction of sanctions by European countries, the usa , and CANADA in 2022, foreign lessors were required to terminate leasing agreements with Russian airlines within a few weeks, which, in turn, were to return the aircraft and engines to their owners. But the Russian government imposed a ban on the EXPORT of aircraft and key components without the consent of the Ministry of Defense and the FSB. Thus, it was possible to keep these machines on the territory of Russia and avoid a shortage of transport capacity in Russian civil aviation. But the machines transferred in this way to the Russian register ended up in dual registration, which is prohibited by the Chicago Convention. To operate international flights, these aircraft must be "cleared" of dual registration by paying compensation to foreign owners.

In 2023, the Russian authorities allocated about 300 billion rubles from the National Welfare Fund to cover the insurance settlements of Russian airlines - Aeroflot, S7, Ural Airlines, Aurora. These funds were used to close deals on 162 aircraft. These aircraft became the property of the state-owned NLK-Finance, subordinate to the Federal Air Transport Agency. Budget financing was necessary, as the industry was in crisis after sanctions, which included a ban on flights over Europe, the most profitable market for Russian carriers, and a ban on the supply of foreign components.

In 2024 , the Ministry of Transport requested another 295 billion rubles from the government, but the White House did not allocate these funds.

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