Avolon releases its second quarter 2019 trading results

Darren Wood
By Darren Wood July 9, 2019 09:54

Avolon releases its second quarter 2019 trading results

Avolon has released its second quarter 2019 trading update.

In the quarter, Avolon said that it owned and managed a fleet of 530 aircraft with total orders and commitments for 393 new technology aircraft.

The company executed a total of 24 lease transactions in the quarter comprising new aircraft leases, follow-on leases and lease extensions.

While delivering a total of 15 new aircraft to 10 customers and transitioned 11 aircraft to follow-on lessees.

Avolon sold 38 aircraft during the quarter including the sale of 34 regional aircraft.

At the 2019 Paris Air Show, the firm purchased 140 CFM LEAP-1A engines, to power 70 A320neo family aircraft, valued at $2 billion at list prices.

Darren Wood
By Darren Wood July 9, 2019 09:54