AERO TRADING GROUP Corp

Aircastle reports first quarter 2022 results

Aircastle reports first quarter 2022 results During its first financial quarter, the three months ended May 31, 2022, Aircastle reports net income of $8 million and Adjusted EBITDA of $153 million. Cash flows from operations up 58% compared to first quarter 2021. During the quarter, Aircastle sold four aircraft and other flight equipment for proceeds of $58 million and a gain on sale of $4 million; purchased one new Embraer E2 aircraft leased to KLM Cityhopper with a further Embraer E2 aircraft purchased and delivered to the airline in June. Aircastle reported that customer collections for the first quarter represented 101% of lease rental and direct

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