One of the major leasing firms, Air Lease Corporation announced its financial results for the year and three months ended December 31, 2018, earlier this week.
The figures released show the firm achieved revenues of $450 million for the three months ended December 31st, 2018, that's an increase of 12.9%. For the whole year, the revenue was $1.7 billion, an increase of 10.8%.
Cayman Airways 737 Max leased with ALC Photo ALC |
“We had a solid fourth quarter, concluding another successful year for ALC generating pre-tax return on equity of 14.3% and $1.25 billion of operating cash flow for the full year 2018. We are now in our tenth year of operation and expect to reach $20 billion in assets in 2019 with a strong balance sheet. We have good momentum on lease placements and a strong outlook on aircraft sales and financing, already issuing $700 million of senior unsecured notes in January. We remain confident and optimistic looking forward,” said John L. Plueger, Chief Executive Officer and President.
Highlights included :