Aircastle reports a fall in third quarter earnings

Aircraft lessor, Aircastle, has reported total revenue of $192.4 million for the three months to end September 2020 – down from $236.9million in the year-ago period. Net income fell to $5.8 million, with EBITDA at $181.1 million For the three months ended September 30, 2020 collections represented approximately 73% of lease rental and direct financing and sales-type lease revenues. As of October 30, 2020, Aircastle’s total liquidity of $2.1bn includes $1.25bn of undrawn credit facilities, unrestricted cash of $432 million, $120 million of contracted asset sales, and $340 million of projected operating cash flows through October 30, 2021 The leasing