Articles from Avolon

Avolon, a leading global aviation finance company, announces the appointment of Linda Hickey as an independent non-executive Director to its Board, and Chair of the Audit and Remuneration Committees. She is replacing Denis Nayden who is retiring from Avolon’s Board.

Avolon Holdings Limited (‘Avolon’), a leading global aviation finance company, announces the completion of a new US$1.1 billion senior unsecured facility (the ‘Facility’).

Avolon, a leading global aviation finance company, announces results for the first quarter (‘Q1’’) of 2025.

Avolon, a leading global aviation finance company, issues an update for the first quarter (‘Q1’) of 2025.

Avolon, a leading global aviation finance company, announces the completion of the acquisition of Castlelake Aviation Limited (‘CA Ltd’) from Castlelake L.P.’s aviation platform. The transaction was first announced on 13 September 2024.

Avolon, the international aircraft leasing company, issues an update for the first quarter of 2022 (‘Q1’).

Avolon, the international aircraft leasing company, announces results for the first quarter (‘Q1’) of 2021.

Growth in the Asia-Pacific region is expected to help drive global airline revenue over US$1 trillion for the first time in 2025, according to a paper published today by Avolon. The paper forecasts that more seats will be added to schedules in Asia-Pacific than all other regions combined in 2025, even as airlines’ growth slows in the US and Europe.

Avolon, a leading global aviation finance company, and Air New Zealand have agreed a memorandum of understanding to partner on research to support the commercialisation of electric aircraft, and other novel propulsion technologies including battery hybrid and hydrogen. The agreement also includes the signing a letter of intent (LOI) for the sale and leaseback of a BETA Alia CX300 electric cargo aircraft.

Avolon, a leading global aviation finance company, issues an update for the fourth quarter (‘Q4’) and 2024 full year (‘FY’).

Avolon Holdings Limited (“Avolon”), a leading global aviation finance company, announces the pricing of a private offering (the “Offering”) by its wholly owned subsidiary, Avolon Holdings Funding Limited, for a principal aggregate amount of US$1.5 billion of senior unsecured notes.

Avolon, a leading global aviation finance company, announces the extension and upsizing of its unsecured revolving credit facility, supported by a syndicate of 25 banks. The facility’s maturity date has been extended by two and a half years from April 2026 to October 2028, and upsized by US$1 billion to US$5.8 billion over the course of 2024.

Avolon, a leading global aviation finance company, announces the delivery of the first of 20 Airbus A330neo aircraft it has agreed to lease to Malaysia Aviation Group (MAG), the parent company of Malaysia Airlines. The delivery of the aircraft was made at Airbus’s Delivery Centre in Toulouse today, with the remaining aircraft delivering out to 2028.

Avolon, a leading global aviation finance company, issues an update for the third quarter (‘Q3’) of 2024.

Avolon, a leading global aviation finance company, announces an agreement to acquire Castlelake Aviation Limited (‘CA Ltd’), an entity managed by Castlelake L.P., the global alternative investment manager.

Avolon, a leading global aviation finance company, announces results for the second quarter (‘Q2’) of 2024.

Avolon, a leading global aviation finance company, has partnered with Airbus to support the development of hydrogen-powered commercial aircraft through Airbus’ ZEROe Project.

Avolon, a leading global aviation finance company, announces orders for 310 new engines to power 155 Airbus A320neo family aircraft in its order book. Avolon has ordered 160 GTF engines from Pratt & Whitney, and 150 LEAP-1A engines from CFM International.

Avolon, a Leading Global Aviation Finance Company, Issues an Update for the Second Quarter (‘Q2’) of 2024

Avolon, a leading global aviation finance company, announces it has raised US$750 million in a new unsecured credit facility with a syndicate of seven banks predominantly in the Middle East and India.

Avolon, a leading global aviation finance company, announces results for the first quarter (‘Q1’) of 2024.

Avolon, a leading global aviation finance company, issues an update for the first quarter (‘Q1’) of 2024.

Avolon, a leading global aviation finance company, announces results for the full year, 2023.

The value of new aircraft deliveries is expected to rise by over 15% to c.US$100 billion in 2024, according to a paper published today by Avolon, a leading global aviation finance company. The delivery of over 1,450 new large commercial aircraft will help drive airlines’ passenger revenues up 12% to US$717 billion. Airlines’ net profit is projected to rise by 10% to US$26 billion.

Avolon Holdings Limited (“Avolon”), a leading global aviation finance company, announces the pricing of a private offering (the “Offering”) by its wholly owned subsidiary, Avolon Holdings Funding Limited, for a principal aggregate amount of US$1.15 billion of 5.75% senior unsecured notes due 2029 (the “Notes”).

Avolon, a leading global aviation finance company, issues an update for the fourth quarter (‘Q4’) and 2023 full year (‘FY’).

Avolon, a leading global aviation finance company, has agreed to order 100 A321neo aircraft from Airbus and 40 737 MAX aircraft from Boeing. These aircraft are scheduled for delivery out to 2032.

Avolon Holdings Limited (“Avolon”), a leading global aviation finance company, announces the pricing of a private offering (the “Offering”) by its wholly owned subsidiary, Avolon Holdings Funding Limited, for a principal aggregate amount of US$400 million of 6.375% senior unsecured notes due 2028 (the “Notes”). The Notes were priced at 100.296% of par value (a yield of 6.295%), plus accrued interest from November 4, 2023.

Avolon, a leading global aviation finance company, announces results for the third quarter (Q3) of 2023.

Ireland has the potential to develop a sustainable aviation fuel (SAF) industry generating revenue of €2.55 billion by 2050 and providing up to 1,000 high-skilled jobs. These are the findings of a feasibility study into the production of SAF in Ireland produced by SkyNRG and SFS Ireland, in a partnership supported by Avolon, Boeing and ORIX Aviation.

Avolon, a leading global aviation finance company, issues an update for the third quarter (‘Q3’) of 2023.

Avolon, the international aircraft leasing company, announces results for the second quarter (Q2) of 2023.

Avolon, the international aircraft leasing company, issues an update for the second quarter (‘Q2’) of 2023.

Avolon, the international aircraft leasing company, has today signed a memorandum of understanding with Airbus at the Paris Air Show to order 20 Airbus A330neo aircraft. The new aircraft are scheduled to be delivered between 2026 and 2028.

Avolon, the international aircraft leasing company, today publishes its World Fleet Forecast – Return to Growth – projecting trends in the commercial passenger aviation fleet out to 2042. It forecasts the fleet will almost double by 2042, growing 94% to 46,880 aircraft, underpinned by sustained growth in demand for air travel, building on the rapid recovery experienced since the pandemic.

Avolon Holdings Limited (‘Avolon’), the international aircraft leasing company, announces the extension of the TLB-3 tranche of its senior secured US$2.92 billion Term Loan B facility (the ‘Facility’).

Avolon Holdings Limited (“Avolon”), the international aircraft leasing company, announces the pricing of a private offering (the “Offering”) by its wholly owned subsidiary, Avolon Holdings Funding Limited, for a principal aggregate amount of US$750 million of 6.375% senior unsecured notes due 2028 (the “Notes”).

Avolon, the international aircraft leasing company, announces results for the first quarter (Q1) of 2023.

Avolon, the international aircraft leasing company, announces a commitment to order 40 Boeing 737 MAX aircraft. The aircraft are scheduled for delivery between 2027 and 2030; and are valued at over $4 billion at current list price.

Avolon, the international aircraft leasing company, issues an update for the first quarter (‘Q1’) of 2023, and publishes its 2022 Sustainability Report.

Avolon, the international aircraft leasing company, announces results for the full year, 2022.

The aviation sector is set to thrive in 2023 with global traffic to reach pre-pandemic levels by June, according to a paper published today by international aircraft leasing company Avolon.

Avolon, the international aircraft leasing company, issues an update for the fourth quarter (‘Q4’) and 2022 full year (‘FY’).

Avolon, the international aircraft leasing company, announces results for the third quarter (Q3) of 2022.

Avolon, the international aircraft leasing company, issues an update for the third quarter of 2022 (‘Q3’).

Avolon, the international aircraft leasing company, announces appointments to the roles of Chief Financial Officer (CFO), Chief Operating Officer (COO), and Chief Risk Officer (CRO).

Avolon, the international aircraft leasing company, announces that it has agreed a transaction with Malaysia Aviation Group (MAG), owner of Malaysia Airlines, for the financing of 20 A330-900neo aircraft. The transaction comprises the placement of 10 A330neo aircraft from Avolon’s orderbook and 10 A330neo aircraft to be acquired from MAG via sale and leaseback.

Avolon, the international aircraft leasing company, announces results for the second quarter (Q2) of 2022.

Avolon, the international aircraft leasing company, announces that its Chief Executive Officer (CEO), Dómhnal Slattery, has informed the Board of his intention to step down from his executive role and from the Board in 2022. Avolon’s Board has unanimously appointed Andy Cronin, Avolon’s President & Chief Financial Officer (CFO), to the role of CEO Designate. In addition, Paul Geaney, Avolon’s Chief Commercial Officer (CCO) is appointed to the role of President & CCO with immediate effect.

Avolon, the international aircraft leasing company, issues an update for the second quarter of 2022 (‘Q2’).

Avolon, the international aircraft leasing company, announces that it has received its inaugural Environmental, Social and Governance (ESG) Risk Rating score of 16.0 from Sustainalytics, one of the leading ESG ratings companies in the world.

A partnership of global leaders in aviation and airports announces its intention to explore the infrastructure requirements to bring eVTOL passenger flight to Brazil within this decade. The partnership includes:

Avolon, the international aircraft leasing company, announces results for the first quarter (Q1) of 2022.

Avolon, the international aircraft leasing company, announces that Gözen Holding, one of Turkey’s leading aviation conglomerates and owner of Freebird Airlines, has committed to purchase or lease up to 50 VX4 eVTOL aircraft from Avolon, with the option to purchase or lease up to 50 additional aircraft. As a result of this announcement, Avolon has now placed its entire 500 VX4 eVTOL aircraft orderbook, with the orderbook being oversubscribed by 50 options.

Avolon, the international aircraft leasing company, announces that it has partnered with Air Greenland, the flag-carrier for Greenland, to bring zero-emissions travel to the region and help tackle the issue of climate change.

Avolon, the international aircraft leasing company, today announces that one of the world’s leading airline groups, AirAsia Aviation Group Limited (‘AirAsia’), has signed a non-binding memorandum of understanding to lease a minimum of 100 VX4 eVTOL aircraft from Avolon. These eVTOL aircraft will allow AirAsia to further revolutionise air travel by providing advanced air mobility to a whole new range of passengers, transforming how we all connect more efficiently in our everyday lives.

Avolon, the international aircraft leasing company, announces results for the full year, 2021.

Avolon, the international aircraft leasing company, issued its annual outlook paper for 2022 titled ‘Rise Above’. Co-authored by Jim Morrison, Head of Portfolio Management, and Rosemarie O’Leary, Head of Counterparty Risk, the paper reviews the key trends in the aviation industry for airlines, manufacturers, and lessors, identifying themes that will shape the year ahead and setting out Avolon’s ‘Fearless Forecasts’ for 2022.

Avolon, the international aircraft leasing company, issues an update for the fourth quarter (‘Q4’) and 2021 full year (‘FY’).

Avolon, the international aircraft leasing company, announces that it has delivered its first A330neo aircraft to Cebu Pacific. This is the first of eight A330neo aircraft that will be placed at Cebu Pacific, with the remaining A330neo deliveries commencing from Q4 2021 and will be completed in Q2 2024. This is also the sixth Avolon aircraft on lease at Cebu Pacific, comprising three A320neo aircraft and three A330 family aircraft.

Avolon, the international aircraft leasing company, announces that Ciara Ruane has joined Avolon to serve in a newly established role: Chief People Officer (CPO). As CPO, Ciara will be responsible for leading Avolon’s people strategy, employee experience, rewards, retention, recruitment, diversity & inclusion, and leadership development and learning. In her role as CPO, Ciara will be a core member of Avolon’s executive leadership team, joining its Executive Committee (‘ExCo’) effective immediately.

Avolon, the international aircraft leasing company, announces results for the third quarter (‘Q3’) of 2021.

Avolon, the international aircraft leasing company, and Japan Airlines (‘JAL’), announce a partnership to commercialize zero-emissions eVTOL aircraft in Japan.

Avolon, the international aircraft leasing company, issues an update for the third quarter of 2021 (‘Q3’).

Avolon, the international aircraft leasing company, announces a significant commitment to the global air freighter market to capitalise on the growth in e-commerce. Air cargo revenues are forecasted to exceed US$150 billion in 2021 with traffic expected to double over the next 20 years.

Avolon, the international aircraft leasing company, announces a partnership with Gol, Brazil’s largest airline and Grupo Comporte, Brazil’s leading transport operator, to commercialise an eVTOL ride sharing platform in Brazil.

Avolon, the international aircraft leasing company, announces results for the second quarter (‘Q2’) of 2021.

Avolon, the international aircraft leasing company, issues an update for the second quarter of 2021 (‘Q2’).

Avolon, the international aircraft leasing company, and Vertical Aerospace (‘Vertical’), the most advanced electric vertical take-off and landing (‘eVTOL’) company in the world, announce a ground-breaking US$2 billion order for up to 500 electric eVTOL aircraft. This agreement, which is subject to certain closing conditions, will introduce the ultra-short-haul aircraft category to commercial aviation, a game changing development that will revolutionise air travel with zero emissions aircraft.

Avolon is pleased to announce the appointments of Felipe Campos as Chief Technical Officer and Steven Graham to the role of Head of Americas.

Avolon, the international aircraft leasing company, issues an update for the first quarter of 2021 (‘Q1’).