Aircastle Reports Financial Results for the Three-Month Peri

Aircastle Reports Financial Results for the Three-Month Period Ended November 30, 2020


Recent Highlights
For the nine months ended November 30, 2020, acquired five aircraft for $154.3 million, two of which were A320neo aircraft acquired in a sale leaseback transaction with Volaris
For the nine months ended November 30, 2020, sold six aircraft; average age of approximately eleven years; nine-month gain on sale of $24.2 million; through January 8, 2021, sold four additional aircraft
For the three months ended November 30, 2020, collections represented approximately 90% of lease rental and direct financing and sales-type lease revenues
In September, Moody's affirmed Aircastle's senior unsecured debt rating at Baa3
Liquidity
As of December 31, 2020, total liquidity of $2.2 billion includes $1.25 billion of undrawn credit facilities, $463 million of unrestricted cash, $153 million of contracted asset sales, and $343 million of projected operating cash flows through December 31, 2021

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