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Travel Radar - Aviation News > News > Aviation > Avolon’s strategic fleet growth and sales in 2024
Aviation

Avolon’s strategic fleet growth and sales in 2024

Elpida Krili
Last updated: 8 October 2024 20:42
By Elpida Krili 3 Min Read
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Avolon, a global leader in aircraft leasing based in Ireland and providing aircraft financing solutions to airlines has reported an immpressive performance in the first nine months of 2024 depicting outstanding growth in both acquisition and sales. The company has agreed to purchase 134 aircraft and sell 85. These figures emphasise its strong presence in the aviation leasing market. They also occur as Avolon publishes its third quarter (Q3) statement. This report shows that during Q3 it sold eleven aircraft, delivered nine new and signed agreements for an additional nine aligning with its strategic expansion. 

Avolon Q3 aircraft activity

More specifically, during the third quarter (Q3) of 2024, Avolon delivered nine aircraft and transitioned five leases to eleven customers. The company also sold eleven airplanes and by the end of Q3, it agreed to sell another 59. Avolon’s fleet activity during the quarter underlines its commitment to supporting airline growth internationally with a robust customer network of 141 airlines operating in 62 countries. 

More about the fleet expansion

More particularly, an important event of the year is Avolon’s agreement to acquire CastleLake Aviation Limited’s portfolio, which includes a hundred aircraft and two engines in a deal valued at approximately five billion. With an order of 442 ajetsAvolon prepares to meet the local growing demand for aircraft leasing services fulfilling the need for aircraft leasing services globally. The Castlelake acquisition is critical as it will increase Avolon’s total fleet size to 1137 aircraft strengthening thus its competitive profile within the aviation market. In addition to its impressive investments, this expansion not only reinforces Avolon’s market presence but also combines finance administration with sustainability. In particular, the company’s adaptable financing strategies enable it to benefit from market opportunities while maintaining its investment status.  

As Avolon continues to develop financially and expand its fleet presence, what will its future moves BE? Share your thoughts in the comments below.

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Elpida Krili
By Elpida Krili
News Editor - Originally from Greece, Elpida is an English language literature graduate, currently pursuing her Master's degree in Linguistics. Her studies have helped her understand the complexities of language and the importance in conveying the desirable message to readers when writing content. Alongside this, Elpida loves travelling so looks forward to bringing her passion and interest to the readers of Travel Radar!
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Emerson Corkery
Emerson Corkery
8 months ago

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