Aircastle Reports Financial Results for Three-Month Period Ended November 30, 2020

Aircastle Reports Financial Results for Three-Month Period Ended November 30, 2020

STAMFORD, Connecticut, Jan. 14, 2021 / PRNewswire / –

Main financial indicators for the three months ended November 30, 2020

Total revenues of $ 180.9 million Net income of $ 2.7 million Adjusted EBITDA (1) of $ 167.5 million Gain on sale of flight equipment of $ 13.0 million

Recent Highlights

For the nine months ended November 30, 2020, acquired five aircraft for $ 154.3 million, two of which were A320neos acquired in a sale-leaseback transaction with Volaris For the nine months ended November 30, 2020 , sold six planes; average age of about eleven years; nine-month gain on sale of $ 24.2 million; until Jan. 8, 2021, sold four additional aircraft For the three months ended Nov. 30, 2020, collections accounted for approximately 90% of rental income and direct financing and sales-type leasing In September, Moody’s confirmed the rating of Aircastle’s senior unsecured debt at Baa3

Liquidity

As of December 31, 2020, total liquidity of $ 2.2 billion includes $ 1.25 billion …
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