Air Lease Corporation posts net income of US$508m for full year 2015

Air Lease Corporation reported another consecutive quarter of record fleet, revenue and profitability growth. The company generated adjusted diluted EPS of US$4.64 for the year ended December 31st, 2015, an increase of 15.1% as compared to US$4.03 for the year ended December 31st, 2014. ALC recorded adjusted diluted EPS of US$1.21 for the three months ended December 31st, 2015, an increase of 11.0% as compared to US$1.09 for the three months ended December 31st, 2014. ALC generated revenues of US$1.2bn an increase of 16.4% or US$172.3m as compared to US$1.1bn for 2014. The company generated revenues of US$326.7m for the three months ended December 31st, 2015, an increase of 14.3% or US$40.8m as compared to US$285.9m for the three months ended December 31st, 2014. ALC generated adjusted net income of US$508.0m for the year 2015, an increase of 15.8%, as compared to US$438.6m for the year 2014 ande recorded adjusted net income of US$132.6m for the three months ended December 31st, 2015, an increase of 11.6%, as compared to US$118.8m for the three months ended December 31st, 2014. ALC signed agreements for 120 aircraft with 46 customers across 35 countries during the year ended December 31, 2015, which increased its contracted rentals to US$20.9bn across its current and committed fleet and entered into an agreement to sell its entire fleet of 25 ATR aircraft to Nordic Aviation Capital A/S.  A majority of the aircraft sales are anticipated to occur during the first half of 2016.