AeroCentury reports $243,000 3Q loss

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London
Source: Flightglobal.com
This story is sourced from Flightglobal.com

Operaing lessor AeroCentury Corp reported a net loss of $243,000 for the third quarter to 30 September compared with net income of $241,000 in the year-earlier period.

Total revenues were $6.2 million, down from total revenues of $6.9 million for the same period a year ago

AeroCentury said operating lease revenue were down in the quarter due "primarily to the effect of aircraft that were off lease for all or part of the 2011 and reduced operating lease revenue" from two aircraft for which the lessor recorded a bad debt allowance.