Aircastle posts Q1 results

Aircastle has reported an 11.2% increase in total revenues to $204.3 million for the first quarter of 2017, while net income rose by 17% to $42.4 million (adjusted net income was $45.7 million). The increase was driven by an $11.6 million increase in lease rental and finance and sales-type lease revenues, and an $11.0 million increase in maintenance revenues. Rental revenues were higher due to net fleet growth, while maintenance revenues rose primarily due to return compensation from two lessees during the first quarter of 2017. Total maintenance revenues were $12.3 million in the first quarter of 2017 versus $1.3