Aircastle Q4 2013 revenue up 9%

26 February 2014

Aircastle Ltd. (NYSE: AYR) said it reported fourth quarter 2013 net income of USD48.4m, or USD0.60 per diluted common share and adjusted net income of USD54.9m, or USD0.68 per diluted common share.

Net income for the year ended December 31, 2013 was USD29.8m, or USD0.40 per diluted common share, and adjusted net income was USD59.3m, or USD0.80 per diluted common share.

The fourth quarter results included total revenues of USD192.0m, an increase of nine percent, versus USD176.6m in the fourth quarter of 2012. For the full year 2013, total revenues were USD708.6m, up 3 percent versus USD686.6m in 2012.

Aircastle Ltd. acquires, leases and sells commercial jet aircraft to airlines throughout the world. As of December 31, 2013, Aircastle´s aircraft portfolio consisted of 162 aircraft on lease with 64 customers located in 37 countries.

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