Aircastle LTD reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported total revenues of $176,189,000 compared to $164,915,000 a year ago. The increase reflects $8.2 million of higher lease rental and finance lease revenues, $4.2 million of higher maintenance revenues associated with unscheduled lease terminations, and $4.3 million of higher other revenues from interest on debt investments and additional revenue in connection with early lease terminations. Income from continuing operations before income taxes was $26,648,000 compared to $35,531,000 a year ago. Net income was $23,064,000 or $0.34 basic and diluted per share compared to $32,602,000 or $0.45 basic and diluted per share a year ago. Net cash provided by operating activities was $92,747,000 compared to $72,966,000 a year ago. Acquisition and improvement of flight equipment and lease incentives was $4,157,000 compared to $48,449,000 a year ago. EBITDA was $162,781,000 compared to $150,624,000 a year ago. Adjusted EBITDA was $168,576,000 compared to $151,913,000 a year ago. This was driven primarily by higher lease rentals, maintenance and other revenues of $16.8. Adjusted net income allocable to common shares was $27,214,000 or $0.40 basic and diluted per share compared to $32,090,000 or $0.45 basic and diluted per share a year ago. Net debt as on March 31, 2013 was $2.8 billion. For the first quarter of 2013, the company reported impairment charges of $6,199,000. For the second quarter of 2013, the company expects lease rental revenues of $156 million to $158 million and finance lease revenues of approximately $4 million. Maintenance revenues are expected to be between $8 million and $10 million, amortization of net lease premiums and lease incentives are expected to be $8 million to $10 million. The company expects to have a lease termination payment from a scheduled lease termination in the second quarter of about $4.5 million. The company expects depreciation of $68 million to $70 million and interest net of $58 million to $60 million, including approximately $5 million of deferred lost hedge amortization. The company expects tax rate to range between 11% and 13% in the second quarter of this year. On May 1, 2013, the board declared a second quarter 2013 cash dividend on its common shares of $0.165 per share, payable on June 14, 2013 to shareholders of record on May 31, 2013.

Aircastle LTD announced that they will report Q1, 2013 results at 9:00 AM, Eastern Standard Time on May 02, 2013

Aircastle LTD, Q1 2013 Earnings Call, May 02, 2013