earnings
confidence high
sentiment positive
materiality 0.55
Aircastle reports Q4 net income $14M vs year-ago loss; FY acquisitions $914M
Aircastle LTD
- Net income of $14M in Q4 vs $216M net loss in Q4 2021; total revenues $189M.
- Raised $850M in new financings: $450M secured facility and $400M credit facilities.
- Full year acquisitions 22 aircraft for $914M, 77% new technology; sold 25 for $426M.
- Cash from operations up 17% YoY; total liquidity $2.0B as of April 3, 2023.
- Fleet of 239 owned aircraft, NBV $6.6B; weighted avg fleet age 9.7 years.