Lessor Aircastle reported fourth quarter 2010 net income of $20.2 million and adjusted net income of $14.2 million, while its net income for the year ended December 31, 2010 was $65.8 million, and adjusted net income was $67.9 million. Aircastle stated that its fourth quarter results included a gain of $8.4 million from the disposal of aircraft, as well as $2.5 million of hedge ineffectiveness charges in connection with aircraft sales. “For our industry, 2010 was a watershed year during which demand for passenger and freight aircraft rose above pre-recession levels and growth rates returned to their long-term trajectory, buoyed

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