Aviation Capital Group (ACG) has announced fourth quarter revenue of $295 million and a net loss of $145 million linked to aircraft stuck Russia after Moscow’s invasion of Ukraine. The US-based lessor said it is “vigorously pursuing insurance claims to recover losses related to our aircraft that remain in Russia” and said it had successfully regained a Boeing 737 MAX from a Russian airline during the period. Cashflow for the quarter increased by 42% year-on-year to $620 million with a collection rate for the year of over 100%. ACG said it ended the quarter “with $2.8 billion in immediate liquidity,
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