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.
Frontier Airlines, a US-based low-cost carrier, has arranged to finance nine A321neo aircraft through a sale/leaseback agreement with Avolon (Ireland). Under the terms of the deal, the lease will span 12 years, with an option to extend for an additional two years, offering Frontier flexibility in fleet management and long-term operational planning.
Avolon Holdings Limited reported robust third-quarter 2024 financials, with lease revenue reaching $773 million, a testament to strong operational performance and increased demand for aircraft leasing. This quarterly revenue signifies a 5% year-over-year increase, driven by Avolon’s ongoing expansion of its high-utilization fleet. The company also recorded a net income growth for the period, reflecting…
Malaysia Airlines has announced that the delivery of its first Airbus A330neo, part of a 20-aircraft order, has been delayed to late November 2024 due to production issues.
