Avolon experiences profit drop in Q2 2019 results

Aircraft leasing firm Avolon has posted revenues of $678 million in its Q2 2019 financial results, a slight increase from the $632 million experienced in the same period last year. However, the firm posted a 26% drop in second-quarter profit to $185 million. Avolon generated $423 million of net cash from operating activities in the quarter as it had $6.4 billion of available liquidity at the end of the quarter. The lessor owned and managed a fleet of 530 aircraft, with total orders and commitments for 393 new aircraft. It executed a total of 24 lease transactions in the quarter