Avolon reports second quarter trading update

Avolon carried out 31 lease transactions comprising new aircraft leases, follow-on leases and lease extensions in the second quarter (Q2) of 2023, according to its latest trading update. The lessor signed letters of intent for the sale and leaseback of nine aircraft, confirmed orders for 40 Boeing 737 MAX aircraft and agreed to order 20 Airbus A330neo aircraft, delivered 5 and transitioned 13 aircraft to a total of 10 customers. Avolon sold 3 aircraft and executed sale agreements for a further 17 aircraft, entered into letters of intent to place 23 aircraft from the orderbook during the quarter and added