Avolon closes Q3 of 2022 as the most profitable quarter post-pandemic

Avolon ended the third quarter of 2022 as the most profitable quarter post-pandemic with a net income of $141 million, $546 million of lease revenue, and $278 million of net cash from operating activities in the quarter. Avolon reported a total net income for the nine months of 2022 to be $227 million. Avolon signed a landmark transaction with Malaysia Airlines for the financing of 20 A330-900neo aircraft valued at over $2 billion and upsized the unsecured revolving credit facility by $0.2 bn bringing the total facility size to $4.6 bn and executed a $0.7 bn term financing facility maturing