Avolon has reported the purchase 134 aircraft and completed the sale of 85 aircraft in the first nine months of 2024, including 11 sold in Q3 alone, with 59 more aircraft agreed for sale at the end of the quarter.
The company delivered 9 new aircraft and transitioned 5 aircraft to a total of 11 customers during Q3, and entered letters of intent for the sale and leaseback of 9 aircraft.
Avolon is set to acquire a portfolio from Castlelake Aviation Limited, comprising 105 aircraft, 2 engines, and 13 aircraft commitments, valued at approximately $5.0 billion, with majority investment in new technology aircraft.
Following the acquisition, Avolon would have a total fleet of 1,137 owned, managed, and committed aircraft as of September 30th, with the transaction expected to close in Q1 2025, pending customary conditions.
