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Aircastle reports full year performance
US-based aircraft lessor, Aircastle, booked revenue of $855.4 million in the 12 months to end February 2024 (FY23), with net income of $83 million compared to $63 million in the prior year period. For the three months to end February 2024, Aircastle’s revenue was $203 million. With net income of $29 million. During the full fiscal year, Aircastle acquired 39 aircraft for $1.2bn and sold 28 aircraft and other equipment with an average age of 18 years for $362 million, booking a $122 million gain on sale, which includes $43 million settlement for aircraft formerly on lease to two Russian
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