AerCap Holdings reported net income of $266.3 million for Q4/17 and $1,076.2 million for the full year 2017 compared to $364.7 million and $1,046.6 million for the same periods in 2016. AerCap noted the decrease in net income was primarily due to the fact that during Q4/16, it recognized income from lease terminations and a gain related to the repayment of a note receivable earlier than expected.
The following highlights were excerpted from the news release:
Aengus Kelly, CEO of AerCap, said, “I am very pleased to report another strong set of financial results for 2017 which is due to the hard work and relentless focus on execution of our team. During the year, we generated earnings per share of $6.43 and net income of $1.1 billion. Our platform also purchased a record $5.3 billion of new aircraft in 2017, and sold approximately $2.4 billion of mid-life assets, as part of our transition to new technology aircraft.”
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