Avolon, an international aircraft leasing company, executed a total of 48 lease transactions, comprising new aircraft leases, follow-on leases and lease extensions, in Q2/21. In addition, the company sold three aircraft and entered into letters of intent for the sale of 12 owned aircraft during the quarter. The company also delivered a total of eight new aircraft to six customers and transitioned five aircraft to follow-on lessees.

Avolon ended the quarter with a total of 149 airline customers operating in 62 countries and an owned and managed fleet of 581 aircraft, with total orders and commitments for 256 aircraft.

During the quarter, rating agencies Moody’s and Fitch improved Avolon’s credit outlook to stable. In addition, according to the Avolon, the company received the world’s largest zero emissions eVTOL aircraft order in the quarter and, through its affiliate Avolon-e, became a launch customer for Vertical’s VA-X4 with a commitment for up to 500 electric aircraft valued at $2 billion. Avolon also will join Microsoft, Rolls-Royce, Honeywell and American Airlines as equity investors in Vertical.