-

Avolon Agrees the Purchase of 134 Aircraft and Sale of 85 Aircraft in First 9 Months of 2024

DUBLIN--(BUSINESS WIRE)--Avolon, a leading global aviation finance company, issues an update for the third quarter (‘Q3’) of 2024.

Q3 Fleet Activity

  • Sold 11 aircraft during the quarter, ending the quarter with 59 aircraft agreed for sale;
  • Delivered 9 new aircraft and transitioned 5 aircraft to a total of 11 customers;
  • Entered into letters of intent for the sale and leaseback of 9 aircraft;
  • Customer base of 141 airlines operating in 62 countries; and,
  • Ended the quarter with an owned and managed fleet of 577 aircraft, with total orders and commitments for 442 fuel-efficient, new technology aircraft.

Acquisition of Castlelake Aviation Limited

  • Avolon to acquire a portfolio of 105 aircraft, 2 engines and 13 aircraft commitments*
    • Total assets of approximately $5.0 billion;
    • Average aircraft age of 4.7 years;
    • 70% of the portfolio invested in new technology aircraft;
  • Up to US$3.3 billion of transferable debt available to Avolon on closing, with the balance funded from Avolon’s existing sources of liquidity;
  • Pro forma for the transaction, Avolon would have an owned, managed and committed fleet of 1,137 aircraft as of September 30th and Avolon’s balance sheet metrics remain within target investment grade ranges; and,
  • Expected to close in Q1 2025, subject to customary closing conditions.

*All figures as of March 31st 2024

About Avolon

Avolon is a leading global aviation finance company connecting capital with customers to drive the transformation of aviation and the economic and social benefits of global travel. We pride ourselves on our deep customer relationships, our collaborative team approach, and our fast execution. We invest with a long-term perspective, diversifying risk and managing capital efficiently to maintain our strong balance sheet. Avolon has an owned, managed, and committed fleet of 1,137 aircraft as of 30 September 2024 on a pro forma basis including the proposed acquisition of Castlelake Aviation Limited. www.avolon.aero

Contacts

David Breen / Joe Brennan
Avolon Investor Relations
ir@avolon.aero
T: +353 1 231 5800

Douglas Keatinge
Avolon Head of Communications
dkeatinge@avolon.aero
T: +353 86 037 4163

Industry:

Avolon

SHZ:000415
Release Versions
English

Contacts

David Breen / Joe Brennan
Avolon Investor Relations
ir@avolon.aero
T: +353 1 231 5800

Douglas Keatinge
Avolon Head of Communications
dkeatinge@avolon.aero
T: +353 86 037 4163

More News From Avolon

Avolon Agrees Sale and Leaseback of Seven Boeing 737-8200 Aircraft With Akasa Air

DUBLIN--(BUSINESS WIRE)--Avolon Holdings Limited (‘Avolon’), a leading global aviation finance company, has agreed a sale and leaseback transaction with Akasa Air (“Akasa”), India’s fastest-growing airline, for up to seven Boeing 737-8200 aircraft. The transaction further expands Avolon’s partnership with Akasa. These aircraft will support Akasa’s continued fleet growth and network development in one of the world’s most dynamic and fastest-growing aviation markets. The Boeing 737-8200 is the hi...

Avolon Establishes US$1.5 Billion Commercial Paper Programme

DUBLIN--(BUSINESS WIRE)--Avolon Holdings Limited (“Avolon”), a leading global aviation finance company, today announced that Avolon Aerospace Leasing Limited (“AALL”), its wholly-owned subsidiary, has established a US$1.5 billion commercial paper programme (the “Programme”). Under the Programme, AALL may issue from time to time short-term, unsecured commercial paper notes (the “Notes”) under the exemption from registration contained in Section 4(a)(2) of the U.S. Securities Act of 1933, as amen...

Avolon Q2 Net Income up 45% to US$209 Million

DUBLIN--(BUSINESS WIRE)--Avolon, a leading global aviation finance company, announces results for the second quarter (‘Q2’) of 2026. Income Statement (US$M) Q2 2026 Q2 2025 US$ Change % Change Lease Revenue 726 678 +48 +7% Operating Cashflow 501 464 +37 +8% Net Income 209 143 +66 +45% Balance Sheet (US$M) Q2 2026 FY 2025 US$ Change % Change Total Available Liquidity 11,879 10,659 +1,220 +11% Total Assets 33,962 34,418 (456) (1%) Unsecured Debt / Total Debt 79% 77% +2ppts N/A 2026 SECOND QUARTER...
Back to Newsroom