Avolon to acquire Castlelake Aviation, portfolio of 118 aircraft

Avolon has agreed to acquire Castlelake Aviation, an entity managed by Castlelake, along with its portfolio of 118 aircraft. As of March 31, 2024, Castlelake Aviation’s total assets were $5bn, which included a portfolio of 105 aircraft on lease, commitments for 13 new technology aircraft, two engines on lease, and nine loans. The portfolio is 68% narrowbody aircraft, 70% new technology aircraft, has a weighted average aircraft age of 4.7 years and a weighted average remaining lease term of 8.4 years. “This transaction accelerates our growth plans adding a portfolio of assets that will further strengthen our cashflow and earnings