Aircastle reported a third quarter 2013 net loss of $74.6m and an adjusted net loss of $69.1m. The third quarter results included operating and finance lease rental revenues of $165.3m, an increase of 1.4%, versus $163.1m in the third quarter of 2012. The third quarter 2013 results include $106.1m of non-cash impairment charges consisting mostly of charges related to the Company’s annual fleet review totaling $97.6m. These impairment charges relate to six 747-400 converted freighter aircraft and one 737-700 aircraft. Excluding these charges, third quarter net income was $21.0m and adjusted net income was $26.5m.
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Tamar Jorssen
Vice President Sales & Marketing
+1.778.213.8543
[email protected]
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AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada
[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada