AerCap makes Q2 revenues of $246 million, cancels 15 MAXs 

AerCap reported a fall in second quarter net income to $246 million from $331 million for the same period year-on-year, with the lessor saying this was primarily driven by lower basic lease rents and lower net gain on asset sales. AerCap said it has strong liquidity, including $3 billion of new funding raised in April, in response to the Covid 19 pandemic. “With $27 billion of unencumbered assets, a record low leverage ratio of 2.5 to 1, we are well-positioned to weather an extended period of turbulence,” chief executive Aengus Kelly said in a statement. The Dublin-based firm also announced in