AviaAM Leasing reports €80,8m revenue, profit growth in 2016

AviaAM Leasing, a Warsaw Stock Exchange listed aircraft leasing company, has reported its financial results of 2016 recording significant increase in business volumes – company’s revenue tripled to €80,8m, operating profit jumped by 75% from €13,9m in 2015 to €23,1m in 2016. Net profit grew from €9,1m to €16,1m. The company’s rapid growth was largely driven by the increase in aircraft trading and leasing activities. Additionally, last year AviaAM Leasing grew its presence in the Asian market. The company established a joint venture together with Henan civil aviation development and investment company (HNCA) – AviaAM Financial Leasing China. The company provides aircraft leasing, sales and consulting services around the globe. Already within the first months of operations, AviaAM Financial Leasing China has signed an operating lease agreement valued at almost US$800m, according to which, 16 Airbus A320s and Airbus A321s will be leased to the largest Russian carrier – Aeroflot. In April 2017, the first three aircraft were already shipped to the carrier.