Capital Lease Aviation reports 19% increase in net profit
Small independent lessor Capital Lease Aviation reported an 18.7% year-on-year increase in net profit to USD2.2 million. The result was achieved on the back of a 54.9% surge in revenues to USD7.9 million for the six months ended 31-Dec-2010
CEO Richard Sinclair stated that the result was in line with expectations. The leasing company also reported a 54.6% increase in total assets to USD103.4 million. The company’s fleet comprises two A321-200s, three Fokker F100 jets and one A320, with lease expiries ranging from Sep-2012 to Mar-2015.
Of the listed leasing companies, there were major movements from ALAFCO, down 3.8%, and Aerocentury, which gained 4.9%.
Selected Lessors daily share price movements (% change): 16-Feb-2011