On August 4, 2017, Aircastle Limited's Board of Directors declared a third quarter 2017 cash dividend on its common shares of $0.26 per share, payable on September 15, 2017 to shareholders of record on August 31, 2017.

The company reported unaudited consolidated earn3ings results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported total revenues of $223,534,000 compared to $189,988,000 a year ago. An increase in lease rental and finance and sales-type lease revenue of $14.7 million and a $16.4 million rise in maintenance revenues accounted for most of the change. Loss from continuing operations before income taxes and earnings of unconsolidated equity method investment was $8,887,000 compared to income from continuing operations before income taxes and earnings of unconsolidated equity method investment of $20,389,000 a year ago. Net loss was $7,116,000 or $0.09 per basic and diluted share compared to net income of $20,030,000 or $0.25 per basic and diluted share a year ago. Adjusted EBITDA was $224,105,000 compared to $182,436,000 a year ago primarily due to higher revenues of $33.5 million and higher gains from the sale of flight equipment of $11.4 million. Adjusted net income allocable to common shares was $2,428,000 or $0.03 per basic and diluted share compared to $23,994,000 or $0.31 per basic and diluted share a year ago. EBITDA was $136,585,000 compared with $163,765,000 a year ago. Cash ROE was 12.9%. Operating cash flows for the quarter were strong, $115 million, up 2.1% of the prior year.

For the six months, the company reported total revenues of $427,807,000 compared to $373,653,000 a year ago. Income from continuing operations before income taxes and earnings of unconsolidated equity method investment was $33,156,000 compared to $59,031,000 a year ago. Net income was $35,323,000 or $0.45 per basic and diluted share compared to $56,292,000 or $0.71 per basic and diluted share a year ago. Net cash and restricted cash provided by operating activities was $247,389,000 compared to $234,697,000 a year ago. Acquisition and improvement of flight equipment was $148,364,000 compared to $478,026,000 a year ago. Adjusted EBITDA was $417,496,000 compared to $366,315,000 a year ago. Adjusted net income allocable to common shares was $47,791,000 or $0.61 per basic and diluted share compared to $67,752,000 or $0.86 per basic and diluted share a year ago. EBITDA was $326,224,000 compared with $345,924,000 a year ago.

The company reported impairment of flight equipment of $79,930,000 for the second quarter ended June 30, 2017 against $16,723,000 a year ago. The company reported noncash transactional impairment charges of $65.7 million or $0.84 a share net.

For the third quarter of 2017, the company expects lease rental revenue in the range of $170 million - $174 million, finance lease revenue in the range of $5 million - $6 million, maintenance revenue in the range of $6 million - $8 million, depreciation in the range of $69 million - $72 million, interest, net in the range of $58 million - $61 million.

For the full year of 2017, the company expects effective tax rate of 6% to 8%.