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Avolon issues update for second quarter of 2019

At the end of the second quarter of 2019, Avolon, the international aircraft leasing company, owned and managed a fleet of 530 aircraft, with total orders and commitments for 393 new technology aircraft.

Avolon has executed a total of 24 lease transactions in the quarter comprising new aircraft leases, follow-on leases and lease extensions. The company delivered a total of 15 new aircraft to 10 customers and transitioned 11 aircraft to follow-on lessees.

Avolon has sold 38 aircraft during the quarter including the sale of 34 regional aircraft and had a total of 149 airline customers operating in 60 countries.

Furthermore, the company has ordered 140 CFM LEAP-1A engines, to power 70 A320neo family aircraft, valued at US$2 billion at list prices announced at 2019 Paris Air Show.

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