International aircraft lessor Avolon released its fourth quarter results for 2018, as well as its full year report.
Q4 highlights included:
2018 full year highlights included:
– Delivered a total of 61 aircraft including 28 transitions to 30 customers
Dómhnal Slattery, Avolon CEO, 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 recordsetting 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.”
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