AerCap reports 2016 earnings

AerCap has reported net income of $364.7 million for the fourth quarter of 2016 and $1,046.6 million for the full year 2016. Diluted earnings per share for the fourth quarter and full year 2016 were $2.01 and $5.52 on a reported basis (US GAAP). During the year, AerCao executed 458 aircraft transactions, including 126 widebody transactions. The lessor enjoyed a 99.5% fleet utilization rate for the full year 2016. The average age of its owned fleet is 7.4 years, with 6.4 years average remaining lease term. Some 98% of new aircraft deliveries through 2018 and 78% through 2019 have been