Avolon Reports 79% Increase in Net Income for 2024
Avolon, a leading global aircraft lessor, has reported strong financial results for 2024, highlighting significant growth in revenue and profitability.
TAROM Signs LOI for Two More B737-8 Aircraft
TAROM, Romania’s national airline, has announced the signing of a Letter of Intent (LOI) to lease two additional Boeing B737-8 aircraft from Avolon, a leading aircraft leasing company based in Ireland. This agreement supports TAROM’s ongoing efforts to modernize its fleet and improve operational efficiency.
Airbus December 2024 Order Book Updates
The Airbus order book underwent significant updates in December 2024, reflecting changes in customer commitments and delivery plans. Key highlights include cancellations, new orders, and customer revelations.
Centrum Air Signs LOI for A320 Lease with Avolon
Centrum Air, a rapidly growing airline based in Uzbekistan, has signed a Letter of Intent (LOI) with Avolon, a leading aircraft leasing company headquartered in Ireland, for the lease of one Airbus A320. This agreement marks an important step in Centrum Air’s plans to expand its fleet and enhance operational capacity. The A320, known for its fuel efficiency and reliability, is…
Porter Aircraft Leasing Secures Sale and Leaseback for PW1921G Engines
Porter Aircraft Leasing (Canada) has entered into sale and leaseback financing agreements with Avolon (Ireland)for four PW1921G engines. These engines are slated for delivery in 2025 and 2026 and will support Porter’s ongoing acquisition of E195-E2 aircraft.
Avolon CEO: Production Shortfall to Boost Profits for a Decade
Avolon (Ireland) CEO Andy Cronin has highlighted a persistent production shortfall by aircraft manufacturers as a key factor shaping the aviation industry. Cronin asserts that this imbalance in supply and demand will continue to drive robust profits for airlines and lessors for at least the next decade.
Avolon Forecasts Asia-Pacific to Drive $1 Trillion Airline Revenue in 2025
Avolon (Ireland) has released a forecast predicting that growth in the Asia-Pacific region will be the primary driver behind global airline revenues surpassing $1 trillion for the first time in 2025. The report highlights the region’s rapidly expanding air travel market and its pivotal role in shaping the future of global aviation.
Avolon Reports Robust 4Q 2024 Activity
Avolon, a leading aircraft leasing company based in Ireland, has announced its operational and financial highlights for the fourth quarter of 2024, showcasing significant growth and strategic progress. During the quarter, Avolon acquired 12 aircraft and transitioned five aircraft to 10 customers. The company also finalized 17 sale and leaseback agreements, sold 29 aircraft, and signed Letters of Intent (LOIs) for the sale of an…
Avolon and Air New Zealand Partner on Electric Aircraft Research
Avolon (Ireland) and Air New Zealand have signed a Memorandum of Understanding (MOU) to collaborate on research aimed at advancing the commercialization of electric aircraft and other novel propulsion technologies, including battery hybrid and hydrogen systems. This partnership underscores both companies’ commitment to driving innovation and sustainability in the aviation sector.
Avolon Extends and Upsizes Credit Facility to $5.8 Billion
Avolon (Ireland), a leading global aircraft leasing company, has announced a significant enhancement to its unsecured revolving credit facility. The facility, backed by a syndicate of 25 banks, has been upsized by $1 billion, bringing the total to $5.8 billion, and its maturity date has been extended by two and a half years, from April 2026 to October 2028.