AviLease, a rapidly growing global aircraft lessor owned by the Public Investment Fund (PIF), has announced its acquisition of nine aircraft from global lessor Avolon. This marks the second transaction between the two companies, following last year’s successful purchase of 13 aircraft. The newly acquired aircraft portfolio offers attractive yields and supports AviLease’s strategy to […]
AviLease acquires nine aircraft from Avolon Read More »
Aviation finance company Avolon has provided an update on its activities for the third quarter (Q3) of 2024. The company sold 11 aircraft during the period, resulting in 59 aircraft now agreed for sale. Additionally, Avolon delivered nine new aircraft and transitioned five aircraft to a total of 11 customers. It has entered into letters
Avolon reports strong Q3 results Read More »
Avolon has agreed to lease five Airbus A330neos to South Korean low-cost carrier T’way Air. The aircraft will be delivered in 2026, supporting T’way’s international route expansion, which currently serves 55 destinations. T’way, an existing Avolon customer, becomes the 12th A330neo operator in Avolon’s portfolio. The wide-body aircraft market remains tight, with longer wait times
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Avolon, a prominent global aviation finance company, has announced its agreement to acquire Castlelake Aviation Limited (CA Ltd) , an entity managed by global alternative investment manager Castlelake L.P. This strategic acquisition is set to boost Avolon’s growth by expanding its aircraft portfolio and enhancing its financial position. As of March 31, 2024, CA Ltd
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Global aviation finance company Avolon has announced orders for 310 new engines to power 155 Airbus A320neo-family aircraft in its order book. The order consists of 160 GTF engines from Pratt & Whitney and 150 LEAP-1A engines from CFM International. The combined orders, announced at the Farnborough Airshow, are valued at over US$5 billion at
Avolon orders 310 new engines for Airbus A320neo fleet Read More »
Avolon, a global aviation finance company, has issued an update for the second quarter (Q2) of 2024. During the second quarter, Avolon delivered 15 new aircraft and transitioned ten aircraft to a total of 16 customers. The company sold six aircraft and entered into letters of intent for the sale of a further 17 aircraft.
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Avolon, a prominent global aviation finance company, has announced the successful raising of US$750 million through a new unsecured credit facility involving a syndicate of seven banks, predominantly from the Middle East and India. This transaction enhances Avolon’s capital diversity, tapping into new liquidity pools that have a strong interest in high-quality lending opportunities within
Avolon secures US$750 million in unsecured credit facility Read More »
CDB Aviation, an entirely owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (CDB Leasing), has finalised the acquisition of four Airbus aircraft from Avolon. The acquired assets include one A330-900, two A321neo and one A320ceo aircraft, featuring both fixed and floating rate leases with CDB Aviation’s current and new airline clientele. “We
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Aviation finance powerhouse Avolon has finalised an agreement with Cebu Pacific, the renowned low-cost carrier from the Philippines, for the sale and leaseback of four brand-new Airbus A330neo aircraft. The delivery schedule spans from late 2024 to 2026, with the first aircraft set for arrival later this year. These cutting-edge aircraft will play a pivotal
Avolon, Cebu Pacific sign sale and leaseback deal for A330neos Read More »
Avolon, an aviation finance company, has achieved a net income of US$110 million for the fourth quarter of 2023 and for the full year, it recorded a net income of US$339 million. This marks a significant increase of US$330 million compared to FY22, representing a 34% growth when excluding the impact of Russia in FY22.
Avolon reports robust financial performance for 2023 Read More »
