6-May-2016 10:19 AM
Air Lease Corporation reports strong results in 1Q2016
Air Lease Corporation revenue up 23% - financial highlights for three months ended 31-Mar-2016:
- Revenue: USD343.3 million, +23.4% year-on-year;
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- Rental of flight equipment: USD317.2 million, +17.8%;
- Aircraft sales, trading and other: USD26.1 million, +188%;
- Net profit: USD92.9 million, +380%;
- Total assets: USD12,783 million;
- Cash and cash equivalents: USD162.8 million;
- Total liabilities: USD9679 million. [more - original PR]
Air Lease Corp: "During the quarter, we found buying opportunities originating in South America that will add to our growth outside the region. Globally, we've now achieved 85% placement of our new aircraft delivering through 2018. We continue to see good activity in our new aircraft lease placements and campaigns, and our lease yields remain steady. Buyer demand for our used aircraft portfolios remains solid," John Plueger, President and COO. Source: Company statement, 05-May-2016.