16-Feb-2011 11:46 AM

Capital Lease Aviation revenue soars 55%, net profit up 19% in 1HFY2011

Capital Lease Aviation reported an 18.7% year-on-year increase in net profit to USD2.2 million on the back of a 54.9% surge in revenues to USD7.9 million in the six months ended 31-Dec-2010, which according to CEO Richard Sinclair, is in line with expectations (Stock Market Wire, 15-Feb-2011). The leasing company also reported a 54.6% increase in total assets to USD103.4 million. The company’s fleet comprises two A321-200s, three Fokker F100 jets and one A320, with lease expiries ranging from Sep-2012 to Mar-2015.