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Aircastle revenue down 20% for 3Q2010

8-Nov-2010 3:38 PM

Aircastle revenue down 20% - financial highlights for the three months ended 30-Sep-2010:

  • Total revenue: USD132.2 million, -20.2% year-on-year;
  • Lease rental: USD133.5 million, +4.1%;
  • EBITDA: USD116.1 million, -14.0%;
  • Net profit: USD8.6 million, -74.4%;
  • Total assets: USD4,751 million, 6.7% when compared to period ended 31-Dec-2009;
  • Cash and cash equivalents: USD310.9 million, +117.9%;
  • Total liabilities: USD3,466 million, +9.6%. [more]

Aircastle: “We expect to complete more than half a billion dollars in attractive aircraft investments during the second half of 2010, including two new A330-200F freighter aircraft from our order stream. Aircastle also has approximately USD700 million of additional built-in growth over the next eighteen months from our new A330 program. With more than USD310 million in unrestricted cash at the end of the third quarter 2010 and strong cash flows from our business, we are in an excellent position to benefit from the continuing industry recovery,” Ron Wainshal, CEO. Source: Aircastle, 04-Nov-2010.