Andy Cronin Related Content

Aviation Finance Company Avolon Reports 6% Increase in Lease Revenue for 2023

Aviation finance company Avolon reported lease revenue of $2.473 billion in 2023, an increase of 6% year over year. In addition, the company recorded operating cash flow of $1.751 billion (up 45% year over year) and adjusted EBITDA of $2.51 billion (up 6%). read more

Lessor Orderbooks to Be in High Demand as Supply Shortage of Aircraft Continues

The value of new aircraft deliveries is expected to rise by more than 15% to $100 billion in 2024, according to a paper published by aviation finance company Avolon. read more

Avolon Orders 100 A321neo Aircraft from Airbus, 40 737 MAX Aircraft from Boeing

Aviation finance company Avolon agreed to order 100 A321neo aircraft from Airbus and 40 737 MAX aircraft from Boeing. The aircraft are scheduled for delivery out to 2032. read more

Avolon Signs Memorandum with Airbus to Order 20 A330neo Aircraft

Aircraft leasing company Avolon signed a memorandum of understanding with Airbus at the Paris Air Show to order 20 A330neo aircraft. The new aircraft are scheduled to be delivered between 2026 and 2028. read more

Global Commercial Passenger Aircraft Fleet to Nearly Double by 2042

According to Avolon, the worldwide commercial passenger aviation fleet will almost double by 2024, growing 94% to 46,880 aircraft. Avolon estimates that more than $4 trillion will be required to finance the new passenger commercial aircraft to be delivered over the next 20 years. read more

Aircraft Lessor Avolon Reports Y/Y Decrease in Lease Revenue for Q1/23

Aircraft lessor Avolon reported that it delivered lease revenue of $599 million in Q1/23, down from $658 million in Q1/22. The company also reported $56 million in adjusted net income during the quarter, down from $80 million in Q1/22. read more

Avolon Executes 31 Lease Transactions in Q1/23

Avolon reported fleet metrics and business highlights from Q1/23. During the quarter, the aircraft leasing company executed 31 lease transactions comprising new aircraft leases, follow-on leases and lease extensions. read more

Avolon Increased Income by 438% in 2022

Avolon reported that in 2022 it increased revenue by 9% year over year to $2.337 billion and adjusted net income by 438% to $253 million, excluding impacts in Russia. The company also achieved a 35% increase in operating cash flow to $1.2 billion. read more

Avolon Executes 75 Lease Transactions in Q4/22

Avolon, an aircraft leasing company, issued an update for Q4/22. Avolon executed 75 lease transactions in the quarter comprising new aircraft leases, follow-on leases and lease extensions. read more

Avolon Appoints New Leadership, Slattery Steps Down as CEO

Avolon appointed Ross O’Connor, Felipe Campos and Jim Morrison to new leadership positions within the company. read more

Avolon Agrees to Financing Transaction for 20 A330neo Aircraft with Malaysia Aviation Group

Avolon agreed to a transaction with Malaysia Aviation Group, owner of Malaysia Airlines, for the financing of 20 A330-900neo aircraft. read more

Slattery to Step Down as CEO of Avolon, Cronin Named Replacement

Dómhnal Slattery, CEO of Avolon, an international aircraft leasing company, will step down from his executive role and the company’s board in 2022. In response, Avolon’s board unanimously appointed Andy Cronin, Avolon’s current president and CFO, to the role of CEO designate. read more

Avolon Reports $610MM in Lease Revenue in Q2/21, Executive Team Changes

Avolon delivered $610 million of lease revenue and generated $195 million of net cash from operating activities in Q2/21. In addition, the company reported that John Higgins and Tom Ashe, who are both founding members of the company, will retire.  read more

Avolon Extends $4.75B Term Loan B Facility to 2025, Reduces Margin

International aircraft leasing company Avolon repriced and extended its senior secured $4.75 billion Term Loan B facility. read more

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