earnings
confidence high
sentiment positive
materiality 0.75
Aircastle Q1 net income $49M; acquires 12 aircraft for $465M; unsecured debt issuance $600M
Aircastle LTD
- Total revenues $260M, net income $49M; rental revenue up 13% YoY; Adj. EBITDA $232M.
- Acquired 12 aircraft for $465M (incl. 5 B737-MAX9 on lease to United); sold 14 older aircraft for $227M with $30M gains.
- Issued new $600M unsecured term loan with 18 lenders; repaid $392M secured debt; 98% of debt now unsecured.
- Total liquidity $2.6B as of July 1, 2025 ($2.0B undrawn facilities, $0.5B projected cash flows, $0.1B cash).
- Fleet utilization >99%; 260 unencumbered aircraft with $8.0B net book value; 46% of fleet NBV in new technology.