Avolon Related Content

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 Executes 54 Aircraft Lease Transactions in Q2/22

In Q2/22, Avolon, an international aircraft leasing company, executed a total of 54 lease transactions consisting of new aircraft leases, follow-on leases and lease extensions. The company also entered letters of intent for the sale and leaseback of 13 aircraft and the placement of 31 aircraft. read more

Avolon Rates Among Top 5% in Industry Group in ESG Performance

Avolon, an aircraft leasing company, received an inaugural environmental, social and governance (ESG) risk rating score of 16.0 from Sustainalytics, placing it among the top 5% of its industry group in terms of its ESG performance. read more

Avolon Partners with Global Aviation and Airport Leaders to Accelerate eVTOL Operations in Brazil

A partnership of global leaders in aviation and airports, including Avolon, announced its intention to explore the infrastructure requirements to bring eVTOL passenger flight to Brazil within this decade. read more

Avolon Executes 54 Lease Transactions in Q1/22, Terminates Leasing Agreements in Russia

Avolon executed 54 lease transactions in Q1/22. In addition, prior to Feb. 27, Avolon had 14 owned narrowbody aircraft and two managed narrowbody aircraft on lease to Russian lessees. Avolon terminated the leasing of these aircraft in line with EU sanction requirements. read more

Avolon Exceeds Preorder Commitments for VX4 Electric Aircraft

Aircraft lessor Avolon has exceeded its 500-unit preorder of Vertical Aerospace’s VX4 electric aircraft within nine months. Avolon preordered the aircraft in June 2021 and has already placed all of the units as well as an additional 50 aircraft options. read more

AirAsia to Lease at Least 100 VX4 eVTOL Aircraft from Avolon

AirAsia Aviation Group signed a non-binding memorandum of understanding to lease a minimum of 100 VX4 eVTOL aircraft from Avolon, an international aircraft leasing company. read more

Vertical Aerospace Names Avolon CEO to Non-Executive Chairman Role

Vertical Aerospace, an aerospace and technology company focused on zero emissions aviation, appointed Dómhnal Slattery non-executive chairman of its board of directors. Slattery is currently the founding CEO of Avolon, an aircraft leasing company. read more

Avolon Delivers First A330neo to Cebu Pacific

Avolon delivered its first A330neo aircraft to Cebu Pacific. This is the first of eight A330neo aircraft that will be placed at Cebu Pacific, with the remaining A330neo deliveries, which are commencing this quarter, expected to be completed by Q2/24. read more

Avolon Appoints Ruane Chief People Officer

Ciara Ruane joined aircraft leasing company Avolon to serve in the newly established role of chief people officer. Ruane will be responsible for leading people strategy, employee experience, rewards, retention, recruitment, diversity and inclusion and leadership development and learning for Avolon. read more

Avolon Executes 54 Aircraft Lease Transactions in Q3/21

During Q3/21, Avolon, an aircraft leasing company, executed a total of 54 lease transactions, comprising new aircraft leases, follow-on leases and lease extensions, and upsized its unsecured revolving facility to $4.3 billion. read more

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