Aircastle Announces Fourth Quarter and Full Year 2020 Results
Full Year Net Loss of $(333.2) million; Investment Grade Ratings Affirmed by Fitch, S&P and Moody's
Delivered First Embraer 195 E2 aircraft to KLM Cityhopper on April 19, 2021
News provided by
Share this article
Key Financial Metrics for the Three Months ended February 28, 2021
Total revenues of $197.5 million
Net loss of $(95.8) million
Adjusted EBITDA
Highlights
Investment Grade credit ratings recently affirmed by Fitch at BBB, S&P at BBB- and Moody's at Baa3
During Q4, issued $750 million of seven-year senior, unsecured bonds at a record low coupon of 2.85%
Retired $500 million of 5.125% coupon bonds
For the twelve months ended February 28, 2021, acquired five narrow-body aircraft for $154 million