Avolon (Ireland) CEO Andy Cronin has highlighted a persistent production shortfall by aircraft manufacturers as a key factor shaping the aviation industry. Cronin asserts that this imbalance in supply and demand will continue to drive robust profits for airlines and lessors for at least the next decade.
Avolon (Ireland) has released a forecast predicting that growth in the Asia-Pacific region will be the primary driver behind global airline revenues surpassing $1 trillion for the first time in 2025. The report highlights the region’s rapidly expanding air travel market and its pivotal role in shaping the future of global aviation.
Avolon, a leading aircraft leasing company based in Ireland, has announced its operational and financial highlights for the fourth quarter of 2024, showcasing significant growth and strategic progress. During the quarter, Avolon acquired 12 aircraft and transitioned five aircraft to 10 customers. The company also finalized 17 sale and leaseback agreements, sold 29 aircraft, and signed Letters of Intent (LOIs) for the sale of an…
Avolon (Ireland) and Air New Zealand have signed a Memorandum of Understanding (MOU) to collaborate on research aimed at advancing the commercialization of electric aircraft and other novel propulsion technologies, including battery hybrid and hydrogen systems. This partnership underscores both companies’ commitment to driving innovation and sustainability in the aviation sector.
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.
