Air Lease reported Q2/13 net income was $43.0 million, up 52.6% from $28.2 million in Q2/12. Revenue of $207.9 million was 31.4% higher compared to $158.3 million a year earlier. Year-to-date through June, revenue and net income was $399.9 million and $83.0 million, respectively up 37.5% and 50.6% compared to the same year-ago period.

The following highlights were excerpted from the news release:

. ALC became a launch customer for Boeing’s 787-10 Dreamliner at the Le Bourget airshow in June 2013, signing a non-binding memorandum of understanding for 30 787-10 aircraft and three additional 787-9 aircraft

. Acquired twelve aircraft (including ten aircraft from our order book and two incremental aircraft), growing our fleet to 174 aircraft spread across a broad customer base of 78 airlines in 44 countries

. ALC amended its 2010 warehouse facility, reducing the facility size by $250.0 million to $1.0 billion, reducing the interest rate to
LIBOR plus 2.25% per annum from LIBOR plus 2.50% per annum on drawn balances, reducing the interest rate to 0.50% per annum from 0.75% per annum on undrawn balances and extending the availability period to June 2015 from June 2013 with a subsequent four year term out option

“The growth in overall global passenger traffic remains at or above our expectations and we continue to see steady demand for our aircraft,” said Steven F. Udvar-Házy, chairman and chief executive officer of Air Lease.

To read the Air Lease news release click here.