According to a white paper from international aircraft leasing company Avolon, India’s current passenger fleet will double to almost 1,100 aircraft by 2027, with the total value of aircraft to be delivered over the coming 10 years, at current list prices, projected to be $60 billion. read more

JUL 16, 2018 - 1:36 pm

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

MAY 10, 2018 - 7:30 am

Avolon delivered 45 aircraft and sold 44 owned and managed aircraft in 2017. The company also raised $14.9 billion in new capital and completed the acquisition and integration of CIT’s aircraft leasing business. read more

JAN 10, 2018 - 6:38 am

Boeing and Avolon, an international aircraft leasing company, finalized an order for 75 737 MAX airplanes. The confirmed order is for 55 MAX 8s and 20 MAX 10s, with options for 20 additional MAX 8s. read more

NOV 20, 2017 - 6:56 am

In its World Fleet Forecast, Avolon projected new deliveries will require $4.3 trillion in financing, including 51% required for narrowbody aircraft. read more

OCT 30, 2017 - 7:27 am

International aircraft leasing company Avolon said the completion of the acquisition of the aircraft leasing business of CIT for $10.4 billion doubled the scale of its business. read more

AUG 2, 2017 - 6:27 am

Avolon signed a memorandum of understanding for 75 Boeing 737 MAX 8 aircraft at the Paris Air Show. The MOU also includes an option for a further 50 Boeing 737 MAX 8 aircraft. read more

JUN 20, 2017 - 6:31 am

Avolon delivered the world’s first Boeing 737 MAX 8 aircraft to Malindo Air. read more

MAY 17, 2017 - 8:19 am

In its Q1/17 update, Avolon reported the closing of its acquisition of CIT Aviation and deliveries of 17 aircraft and sales of 20 by the pro-forma combined businesses. read more

APR 19, 2017 - 7:05 am

CIT Group reached an agreement to sell its 30% ownership stake in the commercial aircraft leasing joint ventures TC-CIT Aviation Ireland and TC-CIT Aviation to its joint venture partner Tokyo Century. read more

MAR 10, 2017 - 7:33 am

CIT Aerospace signed a total of 108 lease agreements, delivered 63 aircraft and added seven new customers to its client roster during 2016. read more

FEB 28, 2017 - 7:46 am

The Irish Times reported that Avolon will borrow $8.5 billion in order to finance the acquisition of CIT’s aircraft leasing division. read more

JAN 23, 2017 - 7:53 am

Avolon received corporate/issuer credit ratings from Fitch Ratings, Moody’s and S&P Global Ratings, three international credit rating agencies. read more

JAN 12, 2017 - 6:17 am

International aircraft leasing company Avolon appointed three new independent non-executive directors to its board: Ciarán Ó hÓgartaigh, Joe Nellis and Denis Kalscheur, who joined on January 4, 2017. read more

JAN 6, 2017 - 7:23 am

Avolon placed $2.975 billion with five banks: Barclays, JPMorgan Chase, BNP Paribas, Credit Agricole and SunTrust Bank to support its purcahse of CIT's commercial aircraft leasing business. read more

NOV 4, 2016 - 6:47 am