AeroCentury Corp. Earns $1.2 Million, or $0.78 per Share, in 2016

AeroCentury, an independent aircraft leasing company, has reported 2016 earnings of $1.2 million, or $0.78 per diluted share. In 2015, earnings were $6.4 million, or $4.17 per diluted share. “AeroCentury made investments in leased assets totaling $69 million in the third quarter of 2016, the impact of which we are now seeing in the form of increasing operating lease revenue,” said Michael G. Magnusson, Chief Executive Officer. Operating lease revenue in the fourth quarter of 2016 was $7.4 million, reflecting an increase of 22% compared to operating lease revenue in the third quarter of 2016 of $6.1 million and an