Aircastle beats 1Q profit forecasts

Aircastle has reported first quarter 2015 net income of $43.3 million, or $0.53 per diluted common share and adjusted net income of $50.5 million, or $0.62 per diluted common share.  The first quarter results included total revenues of $194.3 million, an increase of 10%, versus $176.6 million in the first quarter of 2014. Commenting on the results, Ron Wainshal, Aircastle’s CEO, stated: “We’re off to a strong start in 2015 as earnings and cash returns increased.  We are finding attractive investments by delivering more unique and value-additive transactions to our customers, and so far this year we closed or committed