Avolon has agreed to acquire Castlelake Aviation, an entity managed by Castlelake, along with its portfolio of 118 aircraft. As of March 31, 2024, Castlelake Aviation’s total assets were $5bn, which included a portfolio of 105 aircraft on lease, commitments for 13 new technology aircraft, two engines on lease, and nine loans. The portfolio is 68% narrowbody aircraft, 70% new technology aircraft, has a weighted average aircraft age of 4.7 years and a weighted average remaining lease term of 8.4 years. “This transaction accelerates our growth plans adding a portfolio of assets that will further strengthen our cashflow and earnings
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