Avolon posts positive Q3 lease revenue

Avolon has reported net income of $97 million for the third quarter of 2023, a 28% increase on Q2, and $229 million year to date. Excluding the impact of Russia and unrealised gains on investment, adjusted net income was $103 million for the quarter and $235 million for the year to date.  The Dublin-based lessor reported an 8% jump in lease revenue to $588 million for the quarter and an increase of 3% to $1.799bn for the nine month period. Operating cashflow rose 125% to $626 million for the quarter – up sharply from the $278million a year ago. Avolon