Aircastle shares slip further; aviation shares jump 6%


Aircastle shares continued to decline after the company reported a 35.8% decrease in net profit in 2010 late last week. Shares in the aircraft leasing company were down 2.2% but are up nearly 12% for the year to date.

  • Aircastle reported a significant decrease in net profit in 2010, leading to a decline in its shares.
  • Aircastle's shares were down 2.2% but have seen an overall increase of nearly 12% for the year.
  • Avation PLC experienced a 5.8% increase in its shares after announcing a conditional raise of GBP10 million through a share placement.
  • Aircastle and Avation PLC are both aircraft leasing companies.
  • The daily share price movements of selected lessors were tracked on March 11, 2011.
  • The aviation industry is subject to fluctuations in share prices and financial performance.

Elsewhere, shares in Avation PLC were up 5.8%. Last week the company announced it conditionally raised GBP10 million before expenses from a placing of 10 million new ordinary shares at a price of 100 pence per share through WH Ireland Limited, to clients of WH Ireland.

Selected Lessors daily share price movements (% change): 11-Mar-2011

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