Aircastle reports deferrals arranged with 40 lessees

Aircastle reported (03-Aug-2020) it has executed documents or approved deferral arrangements with 40 lessees representing 50% of its customer base, as of 01-Aug-2020. The amount deferred currently approximates USD99 million including USD61 million under its Consolidated Balance Sheet as of 30-Jun-2020. This represents approximately 12% of reported lease rental and direct financing and sales-type lease revenues for the trailing 12 months ended 30-Jun-2020. The deferral typically average four months and are structured to be repaid by year-end or early in 2021 with interest. [more - original PR]