Aviation Capital Group (ACG) reported revenues of $934.7 million for the first nine months of 2025, up slightly from $923.1 million a year prior.
Net income totalled $629.4 million, which was up significantly from $113.8 million. However, this was supported by a $544.8 million net benefit from insurance claim settlements related to aircraft in Russia.
Tom Baker, CEO of ACG, said the company has strengthened its competitive position based on its performance during the first three quarters of 2025.
“We have grown our portfolio by 12% while improving its overall credit profile, and enhanced profitability through attractive aircraft acquisitions and the sale of less profitable assets," he said.
"These changes, coupled with higher utilisation and lower cost of funds, have led to a 17% increase in operating cash flow."
As of the end of the third quarter, the lessor's liquidity was $5.8bn, with assets of $13.7bn. The company's leverage was 1.9x.
As a result of its credit profile, Baker said the company is “poised to accelerate growth and performance of the business” next year and beyond.