Aircastle reports a $29 million net income during its second quarter

Lessor Aircastle has reported a total revenue of $217 million for the three months ending August 31, 2024. This revenue is alongside a net income of $29 million and an adjusted EBITDA of $199 million. Within the second quarter results – as of October 1, 2024 – Aircastle has a total of $3.1 billion, including $2.1 billion in undrawn facilities, $500 million in projected operating cash flows, and similarly $500 million in unrestricted cash. “Global demand for passenger air travel is at an all-time high, with load factors close to operational limits. However, Boeing and Airbus forecast only minimal delivery