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Aircastle reports USD18.5m net profit

6-May-2010 11:45 AM
Aircastle reports (05-May-2010) the following financial highlights for the three months ended 31-Mar-2010:
  • Revenue: USD130.6 million, -1.2% year-on-year;
  • Net profit: USD18.5 million, +2.2%.
Aircastle: "Our fleet of modern aircraft continues to perform well. We achieved 98% fleet utilisation again in the first quarter of 2010, generating higher lease rental revenues and cash flow compared to last year," Ron Wainshal, Aircastle's CEO. Source: Aircastle, 05-May-2010.