Avolon confirmed net income of €546m for the full year 2025, representing a 29 per cent increase from the previous year excluding insurance settlements in 2024. Total revenue reached €2.77 billion with lease revenue at €2.54 billion and operating cashflow at a record €1.98 billion. The company ended the year with total available liquidity of €9.85 billion including unrestricted cash, undrawn debt facilities, and contracted aircraft sales.
The aviation finance company acquired 168 aircraft during 2025, including a major transaction with Castlelake Aviation Limited, and sold a record 95 aircraft with an average age of ten years. Avolon placed 59 new-technology aircraft with customers and ordered 90 additional units from Airbus comprising 75 A321neo and 15 A330neo models for delivery through to 2033. The fleet stood at 1,132 owned, managed, and committed aircraft at year end.
Credit metrics remained strong with net debt to equity at 2.4 times, an unsecured to total debt ratio of 77 per cent, and €21.3 billion in unencumbered assets. Credit rating upgrades occurred in May 2025 from Moody’s to Baa2 and Fitch to BBB with a positive outlook from S&P at BBB-. Avolon declared a full-year dividend of €275m and authorised a €555m share repurchase programme for execution in the first quarter of 2026.
Andy Cronin shared “2025 was a very successful year for Avolon and our strong performance was supported by higher lease rates, robust demand for aircraft, and constructive funding markets. This is reflected in our financial performance with net income of US$591m and a record US$2.1 billion operating cashflow. Given the ongoing shortage of aircraft, we are in a favorable position to support our customers’ growth prospects with our industry-leading orderbook through to the next decade.”
