Aircraft leasing and trading company AviaAM Leasing, earned €49.3 million revenues (including net gain on sale of aircraft) and posted a record net profit of €29.1 million for the year ended 31 December 2018. The net profit grew by 9% as compared to 2017 (€26.8 million).
Last year the company together with its joint venture, AviaAM Financial Leasing China acquired and leased 14 brand new and mid-life aircraft and completed 6 aircraft sale transactions with leases attached. The company cooperated with airlines such as Air Transat, Thomas Cook, Avion Express, Aeroflot, OK Airways and others.
Furthermore AviaAM Financial Leasing China, a joint venture of AviaAM Leasing and Henan Civil Aviation Development and Investment Company, attracted a new strategic partner – the world‘s largest insurance and finance group Ping An Insurance (Group) Company of China. The current value of the joint venture’s aircraft fleet reached almost US$1 billion.
