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
This content is restricted to site members.
If you are an existing user, please login below.
New users may register below.