8-Mar-2010 11:34 AM

Aircastle revenue up 16.2%, also improve in 4Q2009

Aircastle revenue up 16.2% - financial highlights:

  • Three months ended 31-Dec-2009:
    • Total revenue: USD157.8 million, +16.2% year-on-year;
      • Lease rental: USD137.1 million, +7.3%;
      • Maintenance: USD24.9 million, +123.8%;
    • Total cost: USD121.2 million, +8.2%;
    • Profit before tax: USD27.6 million, +5.2%;
    • Net profit: USD24.7 million, +7.6%;
  • 12 months ended 31-Dec-2009:
    • Total revenue: USD582.6 million, +2.1%;
      • Lease rental: USD542.3 million, +6.0%;
      • Maintenance: USD34.5 million, -41.3%;
    • Total cost: USD456.1 million, -1.5%;
    • Profit before tax: USD122.8 million, +10.5%;
    • Net profit: USD115.3 million, +12.5%. [more]

Aircastle: "Against the backdrop of unprecedented economic challenges in 2009, Aircastle expanded its customer base, grew unrestricted cash to USD143 million, and maintained 98% utilization of its modern aircraft fleet. We entered 2010 in a stronger, more competitive position, poised to capitalize on growth opportunities, given our conservative capital structure,” Ron Wainshal, CEO. Source: Aircastle, 05-Mar-2010.

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More