Air Lease (ALC) announced Q3/15 net income of $77.0 million was up 23.4% from $62.4 million in the same quarter in 2014. Revenues of $313.1 million were up 19.5% from $261.9 million a year earlier.

Air Lease said market demand remains strong for its aircraft and order book. The aircraft lessor noted it is 94% placed through 2017 and has maintained 100% utilization for its current fleet across a diverse customer base of 89 airlines in 50 countries.

The company said it owned and managed fleet of 261 aircraft was up from 230 aircraft at year-end 2014. The net book value of its aggregate fleet at Q3/15 end was $10.5 billion, up from $9.0 billion at the end of 2014.

For the nine months ended September, 30 2015, flight equipment acquisitions under operating leases were $1.7 billion, up from $1.2 billion a year earlier.

“ALC continued to execute its long-term business plan delivering a 38% pretax profit margin, a 24% increase in our pretax income and a 20% increase in our revues compared to the third quarter of 2014. The consistency of these results along with our strong metrics will continue to benefit ALC’s capital raising and competitive position,” said Steven F. Udvar-Hazy, chairman and chief executive of Air Lease.