Avolon has selected Pratt and Whitney GTF engines to power 80 A320neo family aircraft, with the order representing one of the manufacturers largest transactions from a lessor for its GTF engines. "...
Fitch Ratings has affirmed and withdrawn Global Aircraft Leasing’s (GALC) BB long-term issuer default rating (IDR) and its BB- expected rating assigned to its proposed $1.95bn issuance of senior secur...
Dublin-based lessor Genesis has acquired one A321-200 aircraft from trading partner Avolon on lease to Spanish carrier Privilege Style. ""Genesis is delighted to welcome Privilege Style as a new cu...
Avolon has raised $750 million in a new unsecured credit facility with a syndicate of seven banks predominantly in the Middle East and India. The floating rate facility, which has a three-year teno...
Dublin-based aircraft lessor Avolon is suing Vietnamese company Vietjet, alongside six of its subsidiaries. According to the Irish Independent, the dispute is linked to “jet leases between the pair...
Avolon has priced a $1bn fixed five-year senior unsecured bond offering priced at US Treasuries at +143 basis points with a coupon of 5.750%. Initial pricing talk (IPT) was set at +170 basis points, w...
Avolon's net income has increased 91% to $107 million in the first quarter of 2024, up from $56 million in the first quarter of 2023. Its total revenues increased 7.4% to $663.1 million, with lease re...
CDB Aviation, a wholly owned subsidiary of China Development Bank Financial Leasing, has closed the purchase of four aircraft from Avolon. The purchased assets comprise of one A330-900, two A321neo...
Avolon has executed 39 lease transactions in the first quarter of the year. The transactions are made up of new aircraft leases, follow-on leases, and lease extensions. Additionally, the aviation fina...
Avolon has made a sale and leaseback agreement with Philippines low-cost Cebu Pacific for four A330neos. The first aircraft is scheduled for delivery in late 2024 with the final delivery planned in 20...
Avolon reported a net income of $339 million for the full year of 2023. Its fourth quarter results also saw net income increase to $110 million, up from $41 million in Q4 2022. Operating cash flow for...
Commercial jet aircraft deliveries are expected to increase from $78bn in 2023 to an estimated $100bn in 2024, Avolon has found in its 2024 outlook report. With over 1,200 aircraft delivered in 2023, ...
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