Avolon, the international aircraft leasing company, issues an update for the second quarter of 2021. The highlights include: executing a total of 48 lease transactions in the quarter, comprising new aircraft leases, follow-on leases and lease extensions, sold 3 aircraft, and entered into Letters of Intent for the sale of 12 owned aircraft during the quarter. It delivered a total of 8 new aircraft to 6 customers and transitioned 5 aircraft to follow-on lessees. Ended second quarter with a total of 149 airline customers operating in 62 countries and owned and managed fleet of 581 aircraft at quarter end, with total orders and commitments for 256 fuel-efficient, new technology aircraft.
During the quarter, rating agencies Moody’s and Fitch improved Avolon’s credit outlook to Stable and the firm announced the world’s largest zero-emissions eVTOL aircraft order, underscoring Avolon’s commitment to combat climate change.
Avolon, through its affiliate Avolon-e, is a launch customer for Vertical’s VA-X4 with a commitment for up to 500 electric aircraft valued at $2 billion and Avolon will join Microsoft, Rolls-Royce, Honeywell and American Airlines as equity investors in Vertical.
More top stories you might be interested in.....
Follow this site here.
