Avolon reports annual performance for 2018

During 2018, Avolon generated lease revenue of $2.6bn, an increase of 10% year on year, with profits up by 30% to $717 million for the fiscal year. Total assets stand at $27.153bn. At year end, Avolon reports that it had $16.6bn future contracted rental cashflows and $5.7bn of available liquidity in unrestricted cash, undrawn revolving credit facilities and undrawn secured and unsecured debt. During 2018, Avolon declared and paid shareholder dividend of US$490 million. The percentage of Avolon’s secured debt over total assets reduced from 48% to 42% over the reporting period. Avolon has delivered a total of 33 new