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UNITED STATES 
SECURITIES AND EXCHANGE COMMISSION 
Washington, D.C. 20549

FORM 8-K 
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF 
THE SECURITIES EXCHANGE ACT OF 1934
			
July 1, 2025	
Date of Report
(Date of earliest event reported)	
AIR LEASE CORPORATION
(Exact name of registrant as specified in its charter)
															
Delaware	001-35121	27-1840403	
(State or other jurisdiction of
incorporation)	(Commission File Number)	 (I.R.S. Employer
 Identification No.)	
												
2000 Avenue of the Stars,	Suite 1000N			
Los Angeles,	California		90067	
(Address of principal executive offices)		(Zip Code)	
Registrant’s telephone number, including area code: (310) 553-0555 
			
Not Applicable
(Former name or former address, if changed since last report.)	

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
									
Title of each class	Trading Symbol(s)	Name of each exchange on which registered	
Class A Common Stock	AL	New York Stock Exchange	
3.700% Medium-Term Notes, Series A, due April 15, 2030	AL30	New York Stock Exchange	

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). 
Emerging growth company ☐ 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

	

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Item 8.01 Other Events

As previously disclosed, Air Lease Corporation (the “Company”) and certain of its subsidiaries (collectively, the “Plaintiffs”) submitted insurance claims and commenced litigation (the “California Litigation”) against the insurers (collectively, the “C&P Insurers”) on the Plaintiffs’ contingent and possessed insurance policy (the “C&P Policy”) to recover losses relating to aircraft detained in Russia. 

In June 2025, the Plaintiffs entered into settlement agreements with certain C&P Insurers, pursuant to which the Company has received $112.4 million in cash insurance proceeds, which will be recorded as an insurance recovery in its financial statements in the second quarter of 2025. These proceeds are in addition to the $226.7 million in cash insurance settlement proceeds received in the second quarter and previously disclosed in the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2025. To date, including these cash insurance settlement proceeds, the Company has recovered an aggregate of $763.5 million against its initial $791.0 million write-off of its interests in owned aircraft detained in Russia taken during the first quarter of 2022. 

The Company currently anticipates entering into a settlement agreement with the final war risk C&P Insurer under the C&P Policy during the third quarter of 2025. 

Pursuant to the terms of the settlement agreements and following receipt of these proceeds, the Plaintiffs (i) released their insurance claims against the settling C&P Insurers under the C&P Policy, (ii) released their insurance claims against the settling C&P Insurers under the reinsurance policies at issue in the Plaintiffs’ related litigation against the Russian airlines’ insurers and reinsurers (the “London Litigation”), and (iii) dismissed, or are in the process of dismissing, the settling C&P Insurers from the California Litigation and London Litigation. 

Forward-Looking Statements

This Current Report on Form 8-K contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the Company’s anticipated settlement with an additional C&P Insurer. Such statements are based on current expectations and are not guarantees of future outcomes. Actual results and outcomes may differ materially from those expressed in forward-looking statements due to a number of factors, including but not limited to, those risks discussed under “Part I - Item 1A. Risk Factors,” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, “Part II — Item 1A. Risk Factors” in the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, and other Securities and Exchange Commission (“SEC”) filings, including future SEC filings. All forward-looking statements are necessarily only estimates of future results, and there can be no assurance that actual results will not differ materially from expectations. You are therefore cautioned not to place undue reliance on such statements. Any forward-looking statement speaks only as of the date on which it is made, and the Company does not intend and undertakes no obligation to update any forward-looking information to reflect actual results or events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events.

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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
															
	AIR LEASE CORPORATION		
					
Date: July 1, 2025	/s/ Gregory B. Willis		
	Gregory B. Willis		
	Executive Vice President and Chief Financial Officer		

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