US aircraft lessor Aviation Capital Group (ACG) posted an $830 million net profit for first-quarter 2017. The result includes AGC’s receipt of an $891 million tax benefit related to the elimination of the company’s net deferred tax liability―a result of the company’s March 31 change in tax status from a corporation to a limited liability company (LLC). “The conversion to an LLC structure increases our equity base, thereby strengthening our balance sheet and allowing ...

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