Tokyo Century secures $147m additional insurance settlement from Russian airlines

Tokyo Century Corporation's aviation subsidiary Aviation Capital Group secured an additional $147 million in insurance settlement proceeds from aircraft leased to Russian airlines, bringing total settlements to $545 million.

The company will record extraordinary income of approximately $506 million in Q2 FY2025 and $38 million in Q3 FY2025 from these settlements. Despite the gains, Tokyo Century's FY2025 ordinary income forecast remains unchanged at ¥93.0 billion.