Air Lease Corp. (ALC) increased net income 14% to $115.2 million in the second quarter as revenues increased 4.4% to $397.8 million, largely on the strength of a higher net-book fleet value. California-based ALC ended the quarter with 271 owned aircraft and 49 managed aircraft, up from 244 and 50, respectively, compared to the year-ago quarter. Its fleet net-book value increased 11.9% to $14.9 billion. The company did not sell any aircraft last quarter. “Solid passenger traffic ...

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