Dublin-based aircraft leasing and finance company Avolon has reported a strong set of financial and operational results for the second quarter (Q2) of the year, underlining its position as a global leader in the aviation leasing sector.
Over the course of Q2, Avolon secured lease agreements for 28 new aircraft, demonstrating sustained demand for its fleet. Impressively, 98% of the company’s current orderbook is now placed with customers, highlighting both the desirability of its aircraft and its effective sales strategy.
In addition to the new leases, Avolon expanded its portfolio by acquiring 15 aircraft, while also selling 20. A further 54 aircraft have been contracted for future sale, indicating ongoing asset management activity and a strategic approach to fleet renewal and profitability.
By the end of Q2, Avolon’s total fleet – including owned, managed, and committed aircraft – stood at an impressive 1,076 units. This figure includes orders for 442 new technology aircraft, such as those from the Airbus A320neo family, which offer improved fuel efficiency and lower environmental impact, aligning with industry trends towards sustainability.
Looking ahead, Avolon has further strengthened its financial position by raising US$2.2 billion in new unsecured bank facilities during the quarter. This added liquidity enhances its ability to support future growth and maintain financial flexibility in a dynamic market environment.
These results reinforce Avolon’s reputation as a key player in the global aircraft leasing industry and underscore its continued momentum as air travel demand recovers and airline customers modernise their fleets.