ACG reports over $250 million Q1 2023 revenue

Aviation Capital Group recorded first quarter (Q1 2023) revenue of $258 million and pre-tax net income of $14 million. The company said its cash flow from operations was $150 million, an increase of 4% as compared to Q1 2022. ACG’s unencumbered asset ratio was 1.5 to 1 at the end of Q1 2023, when it had unencumbered assets of $11.4bn. The net debt to equity ratio of 2.5 to 1 as it ended the quarter with $3.5bn in immediate liquidity, made up of $3.4bn in a revolving credit facilities and $100 million in unrestricted cash. During the Q1 2023 period,