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 ...

Subscribe to Access this Entire Article

"Aircastle posts 3Q loss of $45.8 million" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.