15-Feb-2017 11:40 AM

Aircastle pleased with 2016 results

Aircastle revenue down 2% – financial highlights:

  • Three months ended 31-Dec-2016:
    • Total revenue: USD204.7 million, -1.7% year-on-year;
      • Total lease revenue: USD199.8 million, -0.7%;
        • Lease rental: USD187.6 million, +2.3%;
        • Finance and sales-type lease: USD4.2 million, +80.6%;
        • Maintenance revenue: USD13.0 million, -18.3%;
    • Net profit: USD67.7 million, +33.7%;
  • 12 months ended 31-Dec-2016:
    • Total revenue: USD773.0 million, -5.6%;
      • Total lease revenue: USD765.6 million, -4.5%;
        • Lease rental: USD725.2 million, -1.1%;
        • Finance and sales type lease: USD17.2 million, +125%;
        • Maintenance revenue: USD33.6 million, -52.7%;
    • Net profit: USD151.5 million, +24.4%;
    • Total assets: USD7245 million;
    • Cash and cash equivalents: USD455.6 million;
    • Total liabilities: USD5410 million. [more - original PR]

Aircastle: "We enter 2017 in a strong position with a lot of flexibility. We have significantly transformed our portfolio to focus on narrowbody aircraft, continued to successfully place aircraft and have limited capital commitments. Our success raising $1.3 billion in financing during 2016 has also provided Aircastle with significant liquidity to continue to grow the Company and opportunistically provide value-added solutions to potential sellers of aircraft,” Mike Inglese, Acting CEO. Source: Company statement, 14-Feb-2017.

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