ALC books higher gains from aircraft sales

Air Lease Corp (ALC) celebrated higher than expected new aircraft deliveries and higher gains from aircraft sales during the second quarter of 2023.  The US-based aircraft lessor reported a 21% rise in revenue to $672.9 million for the three months to end June 2023 compared to the year-ago quarter, driven by the continued growth of the fleet and an increase in sales activity. The increase in aircraft sales, trading and other revenue was primarily related to the sale of eight aircraft which generated approximately $45 million in gains.  ALC second quarter net income rose to $122 million compared to $105