Aviation Capital Group (ACG) has reported its 2023 fourth quarter revenues were $317 million and pre-tax net income was $33 million.
ACG had added seven A320neo family aircraft in the fourth quarter, sourced from a combination of its orderbook and the sale-leaseback market. It also sold A320neos, one 737-800, one A320ceo, six engines, and one airframe.
By the fourth quarter's end, the weighted average of ACG's owned portfolio was 6.1 years. The weighted average remaining lease term was 6.8 years.
ACG ended the quarter with $3.6 billion in available liquidity. Unencumbered assets were reported at $12.1bn and the Group issued $500 million of senior unsecured notes due October 2028.
ACG reports fourth quarter $317 million revenue
