Avolon reports operating results for 2017

During 2017, Avolon delivered 45 new aircraft and sold 44 owned & managed aircraft; completed the $10.4 billion acquisition and integration of CIT aircraft leasing business; increased its owned, managed and committed fleet by 109% to 908 aircraft; and raised $14.9 billion of new capital. During the fourth quarter of 2017, Avolon delivered seven aircraft and sold five. Avolon has fully placed all of its 2018 deliveries as well as all twin aisle aircraft from orderbook placed out until Q4 2019. The lessor sold the remaining three aircraft from Avolon Capital Partners, the company’s joint venture with Wells Fargo in