Avolon first quarter profits 13% down on 2019

Avolon has reported first quarter profits that are 13% down on the same period last year and it has received requests for payment relief from more than 80% of its current owned and managed customer base. These lessees account for more than 90% of annualised contracted rental cashflow of the current owned and managed fleet and have taken a number of forms including, requests for short term rent deferrals for part or all of monthly rental for a specified period of time. “As at 31 March, Avolon was engaged in active dialogue with its customer base and had agreed a number