Air Lease Corporation (ALC) has released that it posted $471 million revenue in its second-quarter 2019 financial results – an increase of 18.5% from the same period last year. The firm revealed its second-quarter consolidated net income stood at $128.3 million, up 11.4% from $115.2 million in the year-ago quarter. During the quarter, ALC took delivery of 16 aircraft from its order book and one aircraft from the secondary market representing approximately $1.6 billion in aircraft investments. ALC ended the quarter with an operating portfolio net book value of $17.8 billion with a weighted average age of 3.7 years and
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