Aircastle Limited reported third-quarter net loss of $45.8 million, reversed from a net income of $22.7 million in the year-ago quarter.
Aircastle Limited reported third-quarter net loss of $45.8 million, reversed from a net income of $22.7 million in the year-ago quarter. Revenue increased 22% to $172.9 million, compared to $141.5 million in the third quarter of 2011. According to an Aircastle statement, this increase reflects “$13.7 million of higher lease rental revenue, higher maintenance revenue of $10.9 million primarily associated with the early termination of leases on two of the aircraft we impaired during ...
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