AerCap Holdings reported adjusted net income was $296.7 million for Q4/14 and $855.5 million for the full year 2014 compared to $72.8 million and $291.8 million, respectively, for the same periods a year earlier. AerCap said the increase in net income was driven primarily by the ILFC transaction.
Highlights from the news release included:
Aengus Kelly, CEO of AerCap, commented, “AerCap’s record results demonstrate the strength of our portfolio and order book following the successful acquisition of ILFC. Our integration remains on track due to the focused dedication of our people, and the efficiency and effectiveness of our integration plan. Demand for our product remains robust and we continue to expect lower fuel costs and higher global GDP to bolster the aircraft leasing environment in 2015. As we look to 2015, we are confident that we can deliver impressive results for our shareholders by continuing to execute our strategy and enhance value through our share repurchase program.”
To view the full AerCap news release, click here.
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