Aircastle announces third quarter 2018 results

During the third quarter of 2018, Aircastle’s total revenues were $190.8 million, a decrease of $22.2 million, or 10.4%, from the third quarter of 2017. Core lease rental and finance and sales-type lease revenues increased by $12.7 million, which was offset by an $18.7 million decrease in gains from the sale of flight equipment and a $14.5 million decrease in maintenance revenue. Gains from the sale of flight equipment declined because the lessor sold fewer aircraft in the third quarter of 2018 than in the prior year. Maintenance revenues declined as no aircraft transitioned during the third quarter of 2018.