Record-Breaking Revenue and Growth
Delivered quarterly revenue of $183.4 million, a 25.4% increase year-over-year. Record leasing revenues in the third quarter with total leasing, maintenance reserve, and interest revenue at $156 million, a 32% increase from the same quarter in 2024.
Dividend Increase
Declared the seventh consecutive quarterly dividend, increasing it to $0.40 per share, indicating confidence in the business's strength.
Strong Financial Performance Metrics
Produced record core quarterly lease rent revenues of $76.6 million and record maintenance reserve revenue of $76.1 million. Earnings before tax for the quarter were $43.2 million, up 25% from the comparable period in 2024, with a net income of $22.9 million attributable to common shareholders.
Strategic Expansion and Investment
Purchased 16 engines and 6 aircraft totaling approximately $136.4 million, expanding the lease portfolio. Opened a new aircraft maintenance hangar in Teesside, which is fully booked through the winter season.