One of the leading aircraft leasing companies, Avolon, has had a very busy 2018 according to the latest figures released from the firm.
The company delivered and transitioned 61 aircraft to 30 customers during the year, including the world’s first A330neo. It also sold 87 aircraft and placed orders for 100 Airbus A320neo family aircraft valued at US$11.5 billion at list prices.
Avolon now has a current fleet of 971 aircraft.
AVOLON FLEET METRICS | END Q4 2018
Q4 2017
|
Q4 2018
|
Change
| |||||
Owned, managed and committed fleet
(aircraft) | 908 | 971 | 7% | ||||
| Owned and managed fleet (aircraft) | 569 | 561 | (1%) | ||||
| Airline Customers | 153 | 150 | (2%) |
Dรณmhnal Slattery, CEO Avolon, commented: “Avolon enters 2019 following another strong quarter and full year. We now have a portfolio-offering that is focused exclusively on young, modern, new technology and fuel efficient single and twin aisle aircraft types. Our record-setting full year was underpinned by our robust lease and trading activity, where we delivered and transitioned 61 aircraft and sold 87 aircraft. Additionally, our recently announced Airbus order provides us with locked-in growth for the medium-term, helping us support the fleet requirements of our airline customers around the world.
Our business continues to deliver strong results and our financial strength, coupled with our increasingly unencumbered asset base and diversified shareholder base, positions us well to achieve an investment grade rating. We remain excited about the prospects for the business and have confidence that we will continue to deliver value for our shareholders into the future."
