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Aircastle LTD Reports Net Income of $28.3 Million for the 6-Month Period Ended August 31, 2023
Quarterly Revenue of $167.9 Million
Aircastle LTD [AYR], a leading aircraft leasing company, has announced its financial results for the 6-month period ended August 31, 2023. The company reported a net income of $28.3 million for the period, showcasing a strong performance in the aviation industry. Aircastle's quarterly revenue stood at $167.9 million, reflecting its commitment to providing reliable and efficient leasing solutions to its customers.
Aircastle's financial performance during this period was commendable, with a steady increase in revenue compared to the previous year. The company reported a total revenue of $386.4 million for the 6-month period, representing a growth of 10% compared to the same period last year. This growth can be attributed to an increase in lease rental revenue, coupled with a significant gain on the sale of flight equipment.