Strong Revenue and Growth
Record quarterly revenues of $157.7 million, up 33% from the comparable quarter in 2024, driven by core lease rent revenue and maintenance reserve revenues.
Improved Utilization Rate
Portfolio utilization grew from 76.7% at year-end 2024 to 86.4% by the end of Q1 2025.
Significant Spare Parts Sales Increase
Spare parts and equipment sales to third parties increased by 455% to $18.2 million in Q1 2025 compared to $3.3 million in the comparable quarter.
Successful Strategic Transactions
Announced purchase of 30 additional LEAP engines and a new ConstantThrust deal with Air India Express, as well as a joint venture to build an engine test facility.