Ross O’Connor, Avolon’s Head of Capital Markets, has been appointed as CFOFelipe Campos, Avolon’s Chief Technical Officer, has been appointed as COOJim Morrison, Avolon’s Head of Portfolio Management, has been appointed as CRO
05 October, 2022
Leasing giant Avolon makes top level changes....
26 July, 2022
Top level changes at leasing giant Avolon
Dómhnal Slattery
Andy Cronin
![](http://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjZjZPsfvbyoQUM_kdgeSJOrR80tTu-wTIOriGeHVQjFcPMK1nS2w6hBgUA2FVLr5X7YRyz6k_6xM5gSQc4st-D6BGXf9JPrXOK7OMiFKVjGZ2nprS-JjAcYSC6EqxFYSY/s113/jj+crop.jpg)
08 July, 2022
Over 100 aircraft transactions for Avolon .......
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04 June, 2022
Major new partnership formed to ramp up the introduction of EVTOL operations in Brazil
A major new partnership of global leaders in aviation and airports announces its intention to explore the infrastructure requirements to bring eVTOL passenger flights to Brazil within this decade. The partnership includes:
Avolon, the world’s second largest aircraft leasing company;
Corporación América Airports, the largest global private sector airport operator by number of airports;
GOL, Brazil’s largest airline;
Grupo Comporte, a leading Brazilian transport operator; and
Vertical Aerospace, the aerospace and technology company developing and manufacturing eVTOL aircraft.
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04 May, 2022
Avolon reports increased revenue and cash collections as borders reopen
Fleet Highlights
2022 Q1 and Russian situation impact
INCOME STATEMENT ($ MILLION) | Q1 2022 | Q1 2021 | CHANGE |
Lease Revenue | 658 | 470 | 188 |
Net Loss | (182) | (83) | (99) |
Adjusted Net Income/(Loss) (excluding Russia) | 80 | (83) | 163 |
BALANCE SHEET ($ MILLION) | Q1 2022 | FY 2021 | CHANGE |
Total Available Liquidity | 5,372 | 6,256 | (884) |
Total Assets | 30,521 | 30,984 | (463) |
Secured Debt / Total Assets | 20% | 20% | - |
Net Debt to Equity | 2.4x | 2.4x | - |
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29 March, 2022
Freebird Airlines owner orders up to 100 VX4 eVTOL aircraft from Avolon
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23 March, 2022
Air Greenland commits to purchasing or leasing from Avolon a fleet of Vertical Aerospace VX4 eVTOL aircraft
Avolon, the international aircraft leasing company, announces that it has partnered with Air Greenland, the flag-carrier for Greenland, to bring zero-emissions travel to the region and help tackle the issue of climate change.
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19 February, 2022
AirAsia Orders Vertical Aerospace’s Electric Aircraft From Avolon
With today’s announcement, Avolon has now placed 450 of its VX4 pre-orders to AirAsia, Japan’s JAL and Brazil’s Gol. Together, these airlines form a growing global community of transport operators that have ordered the VX4.
AirAsia leases a minimum of 100 of Vertical Aerospace’s VX4 from AvolonAirAsia joins Japan’s JAL and Brazil’s Gol in agreeing leases for the VX4 with Avolon
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17 February, 2022
AirAsia Aviation Group orders 100 VX4 eVTOL aircraft
Avolon VX4 Order book
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09 February, 2022
Avolon releases details of 2021 performance
Avolon, the international aircraft leasing company has released details of its performance for last year, which showed a net income for the year ended 31 December of $47 million.
2021 | FINANCIAL HIGHLIGHTS
INCOME STATEMENT ($ MILLION) | FY 2021 | FY 2020 | CHANGE |
Lease Revenue | 2,144 | 2,279 | (135) |
Net Income / (Loss) | 47 | (37) | 84 |
BALANCE SHEET ($ MILLION) | FY 2021 | FY 2020 | CHANGE |
Total Available Liquidity | 6,256 | 6,867 | (611) |
Total Assets | 30,984 | 30,838 | 146 |
Secured Debt / Total Assets | 20% | 25% | (5%) |
Net Debt to Equity | 2.4x | 2.3x | 0.1x |
- Net Income for the year ended 31 December of $47 million;
- Delivered $2.1 billion of lease revenue and generated $895 million of net cash from operating activities in the year;
- Total available liquidity of $6.3 billion at end of FY2021, including $775 million of unrestricted cash and $5.5 billion of undrawn debt facilities;
- Investment Grade rating with Stable outlook affirmed by S&P, Moody’s and Fitch;
- Upsized unsecured revolving facility by $1.1 billion to $4.3 billion, extended the maturity date from 2024 to 2026, bringing total revolving debt capacity to $5.8 billion at year end;
- Successfully raised $3.7 billion of new debt, at a historically low average cost of 2.5%;
- Extended $2 billion of unsecured note maturities to 2027 and reduced the weighted average interest rate from 5.31% to 2.53%; and
- Ended the year with a secured debt to total assets ratio of 20%, a decrease of 5% in the year, and in excess of $17.5 billion of unencumbered assets.