Aircastle reports $14 million quarterly profit

Aircastle reported fourth quarter 2022-2023 net income of $14 million compared to a $216 million net loss in fourth quarter 2021 Revenue came to $189 million and adjusted earnings (EBITDA) $180 million, the company announced. “We’re proud to finish fiscal 2022 with a return to profitability and increased trading while navigating challenging macroeconomics,” said chief executive Mike Inglese. According to its statement about its results for the quarter, Aircastle “acquired 7 aircraft for $296 million; 6 of which were new technology aircraft including 1 A320neo, A321neo, 1 737MAX8, and 3 Embraer E2s” and “sold 8 aircraft for proceeds of $92