Aircraft-leasing firm Aircastle has reported a rise in revenues for its second quarter of 2019. In the second quarter, Aircastle’s revenues increased 9% year over year, to about $223 million. However, its profits dropped by nearly 40%, to about $31 million – which the firm has said is down to a lack of aircraft sales in the past quarter and higher depreciation; as well as interest expenses. The firm’s adjusted EBITDA stood at $210.9 million. During the quarter, Aircastle transitioned 17 aircraft from Avianca Brazil and Jet Airways with a lease signed for last remaining A320 aircraft. It also acquired 10

This content is restricted to site members.

If you are an existing user, please login below.
New users may register below.

Existing Users Log In