Ireland-based lessor AerCap reported net income of $261.2 million for 1Q 2017, up 17% compared with $223.1 million for the same period in 2016. The improved figure was achieved on revenue of $1.24 billion, down 6% compared with $1.32 billion in the year-ago quarter. Diluted earnings per share was $1.48, compared with $1.13 for 1Q 2016. The company said the increase in net income was driven “primarily by higher gain on sale of assets and lower maintenance rights expense, partially ...

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