AerCap has reported a net income of $261.2 million for the first quarter of 2017, compared with $223.1 million for the same period in 2016. Diluted earnings per share of $1.48, compared with $1.13 for the same period in 2016. The increase in net income and diluted earnings per share was driven primarily by higher gain on sale of assets and lower maintenance rights expense, partially offset by lower income as a result of the sale of mid-life and older aircraft, which reduced average lease assets. Diluted earnings per share was also favorably impacted by the repurchase of 31.6 million

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