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International aircraft leasing company Avolon issues update for third quarter 2018

Avolon owned and managed a fleet of 571 aircraft at the end of the third quarter, with total orders and commitments for 319 new technology aircraft.

The company executed a total of 39 lease transactions, comprising new aircraft leases, second leases and lease extensions. Avolon delivered a total of 14 aircraft to 8 customers, including 2 transitions and sold 16 aircraft, including the sale of 4 aircraft to Jade Aviation, Avolon's joint venture with Cinda.

The fleet utilization for the quarter was 100% and the average owned fleet age was 5.1 years with average lease term remaining of 6.8 years. At the end of the third quarter Avolon had a total customer base of 156 airlines in 64 countries.

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