Aviation Capital Group reports half year results

Aviation Capital Group (ACG) recorded $589 million in revenues for the first half of 2024, up from $554.1 million in the same period last year. Operating lease revenue was up from $490.3 million last year to $535.7 million in 2024’s first half. Its gain on sale of flight equipment was $20.5 million, up from $2.3 million last year. Total expenses for the period were $535.7 million, up from $509.2 million last year. The lessor’s net income for the quarter was $48.5 million, up slightly from its $44.6 million profit last year in the same period. As of June 30, 2024,