- Avolon has reported net income of $214m for Q3 2026
- The figure represents a 43pc increase year-on-year
- Trailing 12-month net income reached $767m, up 36pc
- Avolon ordered 250 new-technology aircraft from Boeing and Airbus
- The company launched a $1.4bn joint venture named Constellation Aviation
Avolon has reported net income of $214m for the third quarter of 2026, a 43pc increase year-on-year. Trailing 12-month net income reached $767m, up 36pc year-on-year. The company generated $512m of operating cashflow during the quarter and $2.3bn over the last 12 months. Lease revenue reached $722m, up 5pc on Q3 2025.
Avolon acquired 10 aircraft and sold 29 aircraft during the quarter, ending the period with a further 112 aircraft agreed for sale. Total available liquidity reached $14bn, including $515m of unrestricted cash and $7bn in undrawn debt facilities. The unsecured to total debt ratio stood at 80pc, with net debt to equity of 2.4 times.
Post quarter end, Avolon entered into firm orders with Boeing and Airbus for 250 new-technology aircraft: 140 Boeing 737 MAX 10 aircraft, 75 Airbus A320neo family aircraft and 35 Airbus A330neo aircraft. The company also secured options for a further 100 Airbus aircraft. Avolon announced an agreement for the formation of Constellation Aviation, an aircraft leasing platform to be established through a joint venture with I Squared Capital and a subsidiary of the Abu Dhabi Investment Authority. Constellation Aviation will acquire a seed portfolio of 22 aircraft from Avolon with a current market value of $1.4bn.
Andy Cronin shared “Our third quarter results reflect the sustained earnings capability and continued momentum in our business. Our aircraft orders secure access to a scarce market-leading pipeline of new-technology aircraft, providing Avolon with an important strategic advantage. Constellation Aviation brings additional institutional capital to the sector, broadens our distribution channels and further expands our managed fleet. Together, these transactions highlight Avolon’s favourable positioning to capture a compelling multi-year opportunity in commercial aviation.”
