06-May-2011 3:00 PM
AerCap revenue eases 0.3% but net profit more than doubles
Analysis
AerCap has reported a minor reduction in revenue in 1Q2011 thanks to lower revenue from the sale of aircraft, engines and parts. The company's lease revenue jumped 56%, mainly due to the all-share acquisition of Genesis Lease on 25-Mar-2010 and deliveries of forward order aircraft. Shares in the company eased 0.3% yesterday.
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