Air Lease sees jump in profits

Despite the economic turmoil in Europe and a slowdown in China, Air Lease is banking on the B737 MAX

Air Lease Corporation B737 MAX Farnborough Airshow fuel-efficient planes newer

The international aviation industry is going through difficult times but Air Lease Corporation has seen a fourfold second-quarter profit. While net income was $28.2 million compared with $7 million a year earlier, the company’s revenue more than doubled to $158.2 million. The gains have come because carriers are now opting for newer and fuel-efficient planes. In Q2, Air Lease saw its fleet moving from 114 planes to 137.  Air Lease ordered 75 B737 MAX at the recent Farnborough Airshow.