Aircastle Announces Fourth Quarter and Full Year 2010 Results and Share Repurchase Program

Aircastle AYR announced today its fourth quarter and full year results.

Highlights
-- Lease rental revenue of $139.3 million and EBITDA(1) of $134.8 million for the fourth quarter and $531.1 million and $491.2 million, respectively, for the full year
-- Net income of $20.2 million, or $0.25 per diluted common share, for the fourth quarter and $65.8 million, or $0.83 per diluted common share, for the full year
-- Adjusted net income(1) of $14.2 million, or $0.18 per diluted common share, for the fourth quarter and $67.9 million, or $0.85 per diluted common share, for the full year
-- Adjusted net income plus depreciation and amortization(1) of $76.6 million, or $0.96 per diluted common share, for the fourth quarter and $308.4 million, or $3.87 per diluted common share, for the full year
-- Fleet utilization of 99% for the fourth quarter and full year
-- Portfolio yield of 14.0% for the fourth quarter and 13.9% for the full year
-- Purchased 11 aircraft for approximately $500 million during 2010, including 6 during the fourth quarter
-- Secured $1.1 billion of financing commitments, including nearly $700 million of funding commitments for Airbus A330 deliveries and issued $300 million senior unsecured notes
-- Board of Directors approves $60 million share repurchase program