Avolon announces Q1 2019 profit of $176 million

Avolon profits grew by 16% to $176 million, during the first quarter of 2019. Revenue from Irish-based firm’s leasing operation fell by 4% to $616 million, but this was offset by the gain the company made on the disposal of 20 aircraft. Dómhnal Slattery, Avolon CEO, commented: “The first quarter represents another strong quarter of performance for Avolon, highlighted by the delivery of $176 million profit for the quarter. The strong financial performance is underpinned by another active quarter for aircraft trading – a testament to the continued hard work, focus and commitment of the Avolon team.” Avolon had a fleet