Air Lease Q2 Earnings Up 44% Year/Year

Air Lease reported Q2/14 revenue and net income of $256.3 million and $62.0 million, respectively was up 23% from $207.9 million and 44% from $66.3 million in the same period one year-ago.

Air Lease said its fleet consists of 207 aircraft, up from 193 at year-end 2013. The aggregate fleet net book value at the end of the second quarter 2014 was $8.3 billion, up from $7.6 billion at year-end 2013.

“From our Company founding just over four years ago, ALC has now eclipsed $10 billion in total assets, and we are executing our vision to be the leasing industry leader with the youngest, most fuel efficient, technologically advanced commercial aircraft. At the Farnborough Airshow in July, ALC launched the Airbus A330neo which we believe will be a widebody leader along with the Boeing 787, 777, and Airbus A350. In the face of continued and forecasted demand, we also topped up incremental aircraft orders and fine-tuned our delivery pipeline to maximize potential returns to our shareholders,” said Steven F. Udvar-Házy, chairman and chief executive officer of Air Lease Corporation.

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