AeroCentury reports fiscal year 2020 results

AeroCentury Corp has reported a fourth quarter 2020 net loss of $14.5 million, or ($9.36) per share, compared to a net loss of $7.0 million, or ($4.55) per share, for the fourth quarter of 2019. For the full year 2020, AeroCentury reported a net loss of $42.2 million, or ($27.33) per share, compared to a net loss of $16.7 million, or ($10.78) per share, for the full year 2019. During 2020, AeroCentury sold two aircraft that had been leased under operating leases. In addition, two lessees that had leased four aircraft pursuant to sales-type or direct financing leases exercised purchase