Strong 2023 for Avolon underpinned by airlines’ demand for aircraft and capital

Q4 results and full-year figures for Avolon indicate a strong performance for the Irish lessor, with 200 new aircraft on order, 43 new aircraft delivered and 147 lease transactions completed during the year. Avolon ended 2023 with an owned, managed and committed fleet of 1,035 aircraft, a 24% increase year-on-year. “Strengthening market conditions allowed us to place our orderbook and used aircraft at accretive lease rates while underwriting $4 billion of new volume through the sale and leaseback market,” explained Any Cronin, CEO of Avolon. He also highlighted that their balance sheet scale allowed Avolon to order a further 200