AerCap posts record quarter

AerCap reported a record third quarter on October 27 with revenue up to $1.1bn, with $649million net income ($646 million when including the insurance gain on Aeroflot assets). AerCap generated an adjusted EPS of $2.81, its highest quarterly EPS since the closing of the GECAS acquisition. Basic lease rents were $1.575 million, an increase of $13 million from last quarter, reflecting strong cash collections, and power by the hour rents.    AerCap chief executive Aengus Kelly again reiterating the strength of the lessor’s trading portfolio by selling older assets for significant gains, utilising the profits to buy back stock. AerCap has