8-Nov-2013 10:40 AM

Air Lease Corporation reports strong profit growth in 3Q2013

Air Lease Corporation revenue up 23% - financial highlights for three months ended 30-Sep-2013:

  • Revenue: USD215.9 million, +23.4% year-on-year;
    • Rental of flight equipment: USD213.8 million, +23.7%;
  • Profit before tax: USD74.9 million, +30.9%;
  • Net profit: USD48.6 million, +31.3%;
  • Total assets: USD8808 million;
  • Cash and cash equivalents: USD221.7 million;
  • Total liabilities: USD6347 million. [more - original PR]

Air Lease Corp: “The demand for our future aircraft deliveries remains strong and is driven by the continued global passenger growth and the increasing needs of airlines to modernize aging aircraft fleets,” Steven Udvar-Házy, Chairman and CEO. Source: Company statement, 07-Nov-2013.

Want More News 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