Avolon, the global aviation finance company, has reported strong financial results for the first quarter (Q1) of 2025, with net income rising 36% year-on-year to US$145 million. Lease revenue reached US$683 million, a 10% increase compared with Q1 2024. The company generated robust operating cash flow of US$365 million, up 8% year-on-year. During the quarter, […]
Avolon’s net income up 36% in Q1 2025 Read More »
Global aviation finance company Avolon has announced its full-year results for 2024, reporting a net income of US$608 million, marking a 79% increase year on year. Adjusted net income stood at US$458 million, up 35% compared to the previous year, excluding settlement proceeds of US$177 million (US$150 million net of tax) from insurance claims related
Avolon reports 2024 results with 79% increase in net income Read More »
Aircraft lessors Avolon and BOC Aviation have settled lawsuits in the High Court against insurers over jets stranded in Russia after Western sanctions in 2022, the companies announced on February 7. According to REUTERS, the trial, which began last June, involved approximately US$2.7 billion in insurance claims. SMBC Aviation Capital, another major lessor, confirmed it
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Avolon, the aviation finance company, has successfully completed its acquisition of Castlelake Aviation from Castlelake L.P.’s aviation platform. The transaction, which was first disclosed on September 13, 2024, includes a substantial portfolio comprising 106 aircraft currently on lease, as well as commitments for ten new-technology aircraft. This strategic acquisition significantly enhances Avolon’s already impressive fleet,
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Avolon has delivered the first of 20 Airbus A330neo aircraft to Malaysia Aviation Group (MAG), the parent company of Malaysia Airlines. The milestone delivery took place at Airbus’ Delivery Centre in Toulouse, with the remaining aircraft scheduled for delivery through to 2028. The transaction, announced in August 2022, includes ten A330neo aircraft sourced from Avolon’s
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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
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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
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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
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