Aircastle Limited reports first quarter results

Aircastle Limited reported first quarter 2011 net income of $42.7 million and adjusted net income of $32.9 million. Lease rental revenue for the first quarter was $141.1 million, up by $11.0 million, or 8%, year-over-year. Total revenues for the first quarter were $157.9 million, up by $27.4 million year-over-year. EBITDA for the first quarter was $154.3 million, up by $33.1 million from the first quarter of 2010, reflecting higher lease rental revenue of $11.0 million as well as increases totaling $14.6 million in maintenance and other revenue.