Stamford – October 14, 2026 -- Aircastle reported net income of $69 million on total revenues of $283 million for the three months ended August 31, 2026, with $38 million in gains on aircraft sales contributing to the result.
Adjusted EBITDA reached $247 million. CEO Mike Inglese said strong travel demand and constrained aircraft supply continue to support lease rates and asset values.
Aircastle acquires five aircraft for $269 million while selling 11 for $243 million
The lessor acquired five aircraft during the quarter, including three Airbus A321neo and one Boeing 737MAX8. Year-to-date aircraft acquisitions total $386 million.
It sold 11 aircraft and other flight equipment for proceeds of $243 million. New technology aircraft made up 54% of the fleet's net book value as of August 31, 2026.
Aircastle owned 263 aircraft and other flight equipment with a net book value of $8.3 billion as of that date and managed an additional five aircraft.
Total liquidity stands at $2.8 billion as 98% of debt remains unsecured
Total liquidity was $2.8 billion as of October 1, 2026. That figure comprises:
- $2.0 billion of undrawn facilities
- $0.7 billion of projected adjusted operating cash flows and sales through October 1, 2027
- $0.1 billion of unrestricted cash
Some 98% of total debt was unsecured, and adjusted net debt-to-equity stood at 2.4 times. The company holds 259 unencumbered aircraft and other flight equipment with a net book value of $8.2 billion.
Aircastle redeems all 400 outstanding Series A Preference Shares
The company redeemed all 400 outstanding Series A Preference Shares during the period.
Inglese said the company enters the second half of its fiscal year with ample liquidity and confidence in its ability to service customers and source attractive investments. He attributed the quarter's profit to a disciplined, profitability-focused approach to capital deployment.