Avolon reported net income of US$149m for Q3 up 24pc year on year. Lease revenue reached US$691m in Q3. Avolon agreed an incremental order with Airbus for 75 A321neo and 15 A330neo aircraft for delivery out to 2033.
The owned managed and committed fleet ended the quarter at 1,159 aircraft. Total available liquidity stood at US$9.0bn at end of Q3.
Andy Cronin shared “Our positive financial performance continued in Q3, with net income up 24pc, reflecting sustained demand for our aircraft and an active trading market. We continue to strengthen our balance sheet and increased our unsecured debt ratio to 76pc.”
