Dublin-based plane leasing and finance firm Avolon has reported a powerful set of economic and operational outcomes for the second quarter (Q2) of the yr, underlining its place as a world chief within the aviation leasing sector.
Over the course of Q2, Avolon secured lease agreements for 28 new plane, demonstrating sustained demand for its fleet. Impressively, 98% of the corporate’s present orderbook is now positioned with clients, highlighting each the desirability of its plane and its efficient gross sales technique.
Along with the brand new leases, Avolon expanded its portfolio by buying 15 plane, whereas additionally promoting 20. An extra 54 plane have been contracted for future sale, indicating ongoing asset administration exercise and a strategic strategy to fleet renewal and profitability.
By the top of Q2, Avolon’s complete fleet – together with owned, managed, and dedicated plane – stood at a formidable 1,076 items. This determine consists of orders for 442 new know-how plane, corresponding to these from the Airbus A320neo household, which provide improved gasoline effectivity and decrease environmental impression, aligning with trade developments in direction of sustainability.
Wanting forward, Avolon has additional strengthened its monetary place by elevating US$2.2 billion in new unsecured financial institution amenities through the quarter. This added liquidity enhances its capability to assist future development and keep monetary flexibility in a dynamic market surroundings.
These outcomes reinforce Avolon’s repute as a key participant within the world plane leasing trade and underscore its continued momentum as air journey demand recovers and airline clients modernise their fleets.
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