Russia's largest leasing company VTB Leasing announced a net profit of RUB1.3 billion for 2010. Revenue from core operations was RUB11.2 billion, with aircraft and aviation equipment leasing accounting for 23.4% of its total portfolio.
Some 75% of the company's leasing activities are in Russia, with the remainder spread across CIS nations. The company is a unit of Bank VTB.
AerCap shares dropped 3.9% on Wednesday, on a mixed day for leasing firms. The stock has lost 7% for the year to date, after hitting a 30-month high in Feb-2011.
Selected Lessors daily share price movements (% change): 2-Jun-2011
Want more analysis like this? CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find out more and take a free trial.