Aircastle posts net income decline in Q1 2019

Aircastle posted higher total revenue for the first quarter of 2019 of $11.2 million, which was offset by higher depreciation of $9.7 million, driven by the effect of net aircraft acquired since the beginning of 2018. Also affecting the figure was higher maintenance expense of $6.4 million due to transition related costs, higher interest expense of $6.4 million from higher average debt balances; and higher combined hedging related costs and income taxes of $9.2 million. Aircastle confirmed that it has recovered and transitioned ten A320s from Avianca Brasil to LATAM, and is in the process of recovering its aircraft from