FLY is reporting net income for the first quarter of 2015 of US$17.3m, this compares to net income of US$3.6m for the same period in 2014. The first quarter 2015 results include US$21.9m of end of lease revenue and a charge of approximately US$4.0m associated with termination of the Aircraft Acquisition Facility. End of lease revenue was US$3.7m in the first quarter of 2014. Total revenues increased 34% to US$122.5m and include US$120.1m of operating lease revenue and US$1.9m in gains from the sale of three aircraft. Operating lease revenue increased US$30.5m over the same period in the preceding year. Adjusted net income was US$26.6m for the first quarter of 2015 compared to US$9.8m in the same period in the previous year.
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Tamar Jorssen
Vice President Sales & Marketing
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Richmond, BC V6X 3M1
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[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada