Aircastle reports cash return on equity of 14% in 2Q2016

Aircastle reported (04-Aug-2016) the following 2Q2016 highlights:

• Financial highlights:
• • Total lease rental and finance and sales-type lease revenue of USD180.3 million;
  • Net income ofUSD20.0 million (USD0.25 per diluted common share);
  • Adjusted net income of USD24.2 million (USD0.31 per diluted common share);
  • Adjusted EBITDA of USD182.4 million;
  • Cash return on equity of 14.0%;
  • Net cash interest margin of 8.5%.
• Operational highlights:
• • Acquired 19 aircraft for USD560 million during 2Q2016;
  • Obtained USD1.1 billion in new financing year-to-date, including a USD400 million term loan facility closed during 2Q2016;
  • Signed leases for three new Boeing 737-800s and three Embraer EJets-E2 aircraft from order stream;
  • Continued de-risking business by selling two older freighters;
  • Completed annual recoverability analysis for freighter and widebody aircraft, and reduced the carrying value of an older widebody. [more - original PR]