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AerCap Secures €91 Million Insurance Settlement Amidst Legal Victory

Story Highlights
  • AerCap received €91 million from insurance claims related to aircraft leased to Nordwind.
  • London court upheld AerCap’s $1 billion indemnity and $234 million interest claim for losses in Russia.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
AerCap Secures €91 Million Insurance Settlement Amidst Legal Victory

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Aercap Holdings ( (AER) ) just unveiled an update.

This week, AerCap Holdings N.V. received a cash insurance settlement of approximately €91 million, resolving claims related to five aircraft previously leased to Nordwind, following the approval of U.S. authorities. Additionally, the Commercial Court in London denied an appeal by insurers, affirming AerCap’s entitlement to a $1 billion indemnity and $234 million in interest related to losses incurred in Russia due to the Ukraine conflict. These developments contribute to AerCap’s total pre-tax recoveries of approximately $2.9 billion since 2023, strengthening its financial position amidst geopolitical challenges.

The most recent analyst rating on (AER) stock is a Buy with a $131.00 price target. To see the full list of analyst forecasts on Aercap Holdings stock, see the AER Stock Forecast page.

Spark’s Take on AER Stock

According to Spark, TipRanks’ AI Analyst, AER is a Outperform.

AerCap’s strong financial performance, technical indicators, and positive earnings call sentiment contribute to a high overall score. The company’s undervaluation and robust demand for its assets further enhance its attractiveness. However, high leverage and negative free cash flow due to capital investments pose risks that need careful management.

To see Spark’s full report on AER stock, click here.

More about Aercap Holdings

AerCap Holdings N.V. is a global leader in aircraft leasing, providing a wide range of aviation services and solutions. The company primarily focuses on leasing aircraft to airlines worldwide, playing a significant role in the aviation industry.

Average Trading Volume: 1,483,945

Technical Sentiment Signal: Buy

Current Market Cap: $21.34B

For an in-depth examination of AER stock, go to TipRanks’ Overview page.

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