Avolon net income $339 million for 2023

Avolon reported a net income of $339 million for the full year of 2023. Its fourth quarter results also saw net income increase to $110 million, up from $41 million in Q4 2022. Operating cash flow for FY23 hit a record $1.75bn, up 45% from FY22. For Q4 2023, operating cashflow similarly increased 46% YoY from $304 million to $444 million. Lease revenue for FY23 had increased to $2.47bn, up 6% from $2.3bn in FY22. Q4 2023 saw lease revenue rise 13% YoY from $594 million in Q4 2022 to $674 million in Q4 2023. “Robust demand for aircraft, combined