AeroCentury reports fourth quarter 2010 net loss of $1 million

AeroCentury, an independent aircraft leasing company, reported its operating results for the fourth quarter and the year ended December 31, 2010. For the fourth quarter ended December 31, 2010, the Company reported total revenues of $5.9 million compared with total revenues of $8.6 million for the same period a year ago. For the year ended December 31, 2010, the Company reported total revenues of $30.7 million compared with revenues of $33.6 million for 2009. The Company reported a net loss of $1.0 million for the fourth quarter of 2010, compared to net income of $1.9 million for the fourth quarter of 2009 and net income of $1.6 million for full year 2010, compared to net income of $5.7 million for 2009.