AeroCentury reports fourth quarter and full year 2013 results

AeroCentury, an independent aircraft leasing company, reported its operating results for the fourth quarter and year ended December 31, 2013. The Company reported a net loss of $1.4m for the fourth quarter of 2013, compared to net income of $1.8m for the fourth quarter of 2012. However, for the year ended December 31, 2013, the Company reported net income of $3.2m compared to net income of $5.2m for the previous year. Total revenues were $5.2m and $32.2m for the fourth quarter and year ended December 31, 2013, respectively, compared to total revenues of $8.0m and $29.4m, respectively, for the same periods a year ago.