International aircraft leasing company Avolon issues update for 2017 fourth quarter

Avolon, the international aircraft leasing company, has issued an update for the 2017 fourth quarter. The aircraft leasing company has delivered 45 new aircraft and sold 44 owned and managed aircraft in the fourth quarter 2017. The company completed the US$10.4bn acquisition and integration of CIT’s aircraft leasing business. Avolon has increased its owned, managed and committed fleet by 109% to 908 aircraft and has raised US$14.9bn of new capital in the fourth quarter.