Japan, March 19 -- Sumitomo Corporation, hereby announces that SMBC Aviation Capital Limited, a subsidiary of Sumitomo Mitsui Finance and Leasing Co., Ltd. ("SMFL") received insurance settlement proceeds of US$445 million during second half of its fiscal year 2024, which is subject to final approval by the Irish courts, as part of settlement with some insurance companies. Sumitomo Corporation partly owns SMFL.In the fiscal year 2021, in accordance with the sanctions imposed on Russia by the European Union, the United States, the United Kingdom, and other countries due to the crisis in Ukraine, SMBC Aviation Capital terminated all lease contracts with Russian airlines. Subsequently, SMBC Aviation Capital pursued litigation in the Irish court...