I would like to point out that statements today, which are not historical facts, may be deemed forward-looking statements. Actual results may differ materially from these estimates or expectations expressed in those statements and certain facts that could cause actual results to differ materially from Aircastle Limited’s expectations are detailed in our SEC filings which can also be found on our website. I’ll direct you to Aircastle Limited’s earnings release for the full forward-looking statement legend.
And I’ll now turn the call over to Ron.
Thanks Frank. Hello and thanks for joining us today. I’d like to start by reviewing our accomplishments for the first quarter of 2012. I’ll then discuss our current view of the overall market environment and provide an update on our plans, and in doing so amplifying some of observations we made during our Investor Day meeting in mid April. Mike will then review our financial results and capital structure. We’ll then open the call up for questions.We are off to a very good start in 2012. Our revenues are up, thanks to the billion dollars aircraft acquisitions we made last year and due to the consistently strong portfolio performance we’ve been achieving. Moreover, the present market is attracted for aircraft acquisitions as demand for lease financing grows from airlines. We are taking advantage of these favorable conditions by pursuing and capitalizing on accretive investment opportunities. We’ve proven our ability to access capital through the unsecured debt market and believe this is strategically significant given structural change is taking in the traditional bank sector for aircraft financing. Last month, we issued a $100 million unsecured debt and we paid our bank comp facility. This provides important benefit to Aircastle. It enhances our capital structure, extensive debt maturity profile, increases our unencumbered assets base substantially, frees up cash flow for additional high return investments and provides additional growth capital. Mike will discuss this further during his remarks.
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