Avolon announces 31 lease deals in Q1 2023

Leasing company Avolon reported 31 lease transactions during the first quarter of 2023 (Q1 2023). The deals included the deliveries of nine new aircraft and the transitioning of the same number to 13 customers. The Dublin-based lessor sold two aircraft and added that it had letters of intent for the sale of 13 more. During Q1, Avolon closed a 10-bank syndicate of an $810 million term financing facility maturing in 2030. By the end of the period, the company owned and managed a fleet of 578 aircraft and had orders and commitments for 252 “fuel-efficient, new technology” aircraft. It added