Avolon completes 43 aircraft leases in third quarter

Dublin-based aircraft lessor Avolon said it executed more than 40 leases in the third quarter of 2023, and delivered seven new aircraft to customers.

It also sold 14 aircraft and has letters of intent for the sale of a further 15 aircraft.

The company said the 43 lease transactions included new aircraft leases, follow-on leases and lease extensions. During the three months, Avolon also confirmed an order for 20 A330 Neo aircraft.

By the end of the quarter, Avolon had an owned and managed fleet of 568, with total orders and commitments for 329 fuel-efficient, new technology aircraft. It has 147 airline customers in 65 countries.