Avolon has reported a positive update for the third quarter (Q3) of 2023.
The Dublin-based lessor has executed 43 lease transactions comprising new aircraft leases, follow-on leases and lease extensions during the third quarter. Avolon also delivered seven new aircraft and transitioned four aircraft to a total of seven customers.
During the quarter, Avolon sold 14 aircraft and entered letters of intent for the sale of a further 15 aircraft and entered into letters of intent for the sale and leaseback of 16 aircraft.
The lessor has also confirmed an order for 20 A330neo aircraft, and confirmed that it had placed the first of these aircraft.
With one new customer gained during the quarter, Avolon has a total of 147 airline customers operating in 65 countries and now has an owned and managed fleet of 568 aircraft, with total orders and commitments for 329 fuel-efficient, new technology aircraft.