Aircraft leasing firm Avolon has posted revenues of $678 million in its Q2 2019 financial results, a slight increase from the $632 million experienced in the same period last year.
However, the firm posted a 26% drop in second-quarter profit to $185 million.
Avolon generated $423 million of net cash from operating activities in the quarter as it had $6.4 billion of available liquidity at the end of the quarter.
The lessor owned and managed a fleet of 530 aircraft, with total orders and commitments for 393 new aircraft.
It executed a total of 24 lease transactions in the quarter comprising new aircraft leases, follow-on leases and lease extensions.
Avolon delivered a total of 15 new aircraft to 10 customers and transitioned 11 aircraft to follow-on lessees.
Meanwhile, it sold 38 aircraft during the quarter including the sale of 34 regional aircraft; and had a total of 149 airline customers operating in 60 countries.