Net Profit Up 15.8% In 2015 At ALC

Air Lease Corporation (ALC) has posted a record net income of $508m for 2015, a 15.8 per cent increase from the $438.6m it reported for the previous year.

Air Lease Corporation (ALC) has posted a record net income of $508m for 2015, a 15.8 per cent increase from the $438.6m it reported for the previous year.

The Los Angeles-based lessor also saw revenues increase 16.4 per cent year-on-year to $1.2bn, bettering 2014’s $1.1bn total.

During last year, ALC said it signed agreements for 120 aircraft with 46 customers across 35 countries.

Steven Udvar-Házy, chairman and CEO of ALC, said: “We have positioned the business to thrive over the long-term through varied market conditions, which is reflected by our outstanding fleet metrics and financial results.

"We continue to see solid aircraft demand in all segments of the market.”

 

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