The world’s second largest aviation leasing company, Dublin based Avolon, reported a net income of US$608m for the year 2024, up79pc compared to 2023.
The company generated an unprecedented operating cashflow of US$2.0bn, up 15pc year on year, with total available liquidity reaching US$11.6bn by December 31, 2024.
Avolon completed the acquisition of Castlelake Aviation Limited, integrating 116 new aircraft into its portfolio, concluding 2024 with a total of 1,129 owned, managed, and committed aircraft.
The company maintained strong financial ratios with a net debt to equity of 2.1 times and an unsecured to total debt ratio of 67pc, as well as achieving investment grade ratings from Moody’s and Fitch.
