Aircastle posts strong third quarter results

Aircastle has reported third quarter 2011 net income of $22.7 million, or $0.31 per diluted common share, and adjusted net income of $15.4 million, or $0.21 per diluted common share. Lease rental revenue for the third quarter was $145.9 million, up by $12.4 million, or 9%, year-over-year, due primarily to the impact of aircraft acquisitions net of dispositions of $19.2 million. The increase was partially offset by lower lease rentals due to lease terminations, lease transitions and extensions of $6.8 million. Total revenues for the third quarter were $141.5 million, up by $9.3 million, or 7%, year-over-year. The increase reflects