Aircastle: Seven customers remain in judicial insolvency proceedings or similar protection

Aircastle reported (21-Apr-2021) lease collections represented approximately 80% of lease rental and direct financing and sales-type lease revenue for Q4FY2021. As of 15-Apr- 2021, seven of Aircastle's airline customers were subject to judicial insolvency proceedings or similar protection. The company leases 23 aircraft to these customers, which comprise 14% of its net book value of flight equipment and 12% of reported lease rental and direct financing and sales-type lease revenues for the 12 months ended 28-Feb-2021. [more - original PR]