Air Lease Corporation reports fourth quarter 2012 results

Air Lease Corporation reported another consecutive quarter of fleet, revenue, profitability and financing growth: revenues increased 95% to $656m for the year ended December 31, 2012 compared to $337m for the year ended December 31, 2011. Revenues increased 65% to $190m in the fourth quarter of 2012 compared to $115m in the fourth quarter of 2011. Income before taxes increased 146% to $204m for the year ended December 31, 2012 compared to $83 million for the year ended December 31, 2011. Income before taxes increased 58% to $61m in the fourth quarter of 2012 compared to $39m in the fourth quarter of 2011. ALC added 14 aircraft (including 11 aircraft from its order book and three opportunistic/incremental aircraft) and sold one aircraft from its fleet, growing the fleet to 155 aircraft spread across a diverse and balanced customer base of 69 airlines in 40 countries.