AerCap reports increased Q1 figures, cancels MAX deliveries 

AerCap reported its first quarter income increased by 18% to $276.8 million, from $234.2 million for the same period in 2019, while also saying it had cancelled some outstanding MAX deliveries. While basic lease revenue declined 4.1% to just over $1 billion  the driver of better than expected results was higher maintenance rents and sales earnings as the firm appears to be dealing with the impact of COVID 19. During the first quarter the Irish lessor renegotiated its agreed MAX deliveries with Boeing, leading to a number of cancellations which the firm said could increase. “Certain of our Boeing 737 MAX leases