Aercap reveals Q2 2019 net income rise

Aercap has revealed that its second-quarter net income stood at $331.5 million, an increase of 23% when compared to the same period last year. The Dublin-based lessor says the rise can be attributed to high lease rents resulting from the increase in average lease assets as well as higher net gain on sale of assets. Lease revenue was $1.2 million, compared with $1.1 million for the same period in 2018, primarily due to the delivery of new technology aircraft from April 2018 through June 2019, resulting in a $2.7 billion increase in average lease assets. Aercap’s overall revenue totalled $1.3