Avolon reports 9% revenue jump for 2022

Avolon reported a 9% leasing revenue increase to $2.3bn and adjusted net income of $253 million for 2022, five times as much as the year before. Cashflow climbed 35% for the year to $253 million, the Dublin-headquartered lessor said, topping what was generated in 2019. By year-end total available liquidity, taking in $655 million of unrestricted cash and $4.9bn in undrawn debt facilities, was $5.6bn. “Momentum in global aviation continued throughout 2022 and we worked closely with our customers to support their demand for aircraft. Our financial performance was strong, with a five-fold increase in adjusted net income and 9%