earnings
confidence high
sentiment neutral
materiality 0.65
Aircastle Q2 net loss $9M on $174M revenue; sells three wide-bodies for $53M gain
Aircastle LTD
- Q2 total revenues $174M; Adjusted EBITDA $159M; Net loss $9M.
- Acquired seven narrow-body aircraft for $286M; sold five aircraft for $113M proceeds with $10M gain.
- Wrote off $28M impairment on one 747 Freighter in Russia deemed irrecoverable.
- Sept sold two 747 and one 777 for ~$53M gain; expanded revolver to $1.0B.
- Total liquidity $2.1B as of Oct 1; 212 unencumbered aircraft worth $5.4B.