News | Latest Breaking News Stories & Headlines

Avolon orders 90 new planes from Airbus

Dublin-based Avolon, the world's second-biggest aircraft leasing company, has announced a new order with Airbus for 90 new planes.

Business • 24 Jul

Avolon said its first quarter net income jumped by 36% to $145m

Avolon's quarterly lease revenues up 10% to new high

Dublin-based Avolon, the world's second-biggest aircraft leasing company behind AerCap, has reported higher net income and lease revenues for the first quarter of 2025.

Business • 29 Apr

Andy Cronin, the CEO of Dublin-based aircraft leasing company Avolon

Avolon's third quarter net income rises by 24%

Dublin-based aircraft leasing company Avolon has reported higher lease revenues and net income for the third quarter of this year.

Business • 30 Oct 24

Avolon's second quarter net income flies 38% higher

Irish headquartered aircraft lessor Avolon has reported net income of $105m for the second quarter, an increase of 38% compared to the same time last year.

Business • 02 Aug 24

Avolon said its net income jumped to $107m from $56m the same time last year

Avolon's first quarter net income surges by 91%

Dublin-based aircraft leasing company Avolon has reported a 91% increase in net income for the first quarter of 2024 and said it had a large orderbook for the rest of the year.

Business • 02 May 24

Avolon has today reported a full-year core profit of $2.5 billion and a 34% year-on-year increase in net income to $339m

Boeing making progress on quality issues, Avolon CEO says

Boeing is "undoubtedly" making significant progress in getting on top of quality issues, the head of Avolon, the world's second largest aircraft leasing firm and a major Boeing customer, said today.

Business • 08 Feb 24

Dublin-based aircraft leasing company Avolon said that during 2023 it had ordered 200 new planes

Avolon's fleet increased by 24% in 2023 to 1,035 planes

Dublin-based aircraft leasing company Avolon said that during 2023 it had ordered 200 new aircraft including 100 Airbus A321neo, 80 Boeing 737MAX and 20 Airbus A330neo planes.

Business • 09 Jan 24

Paul Geaney, President and Chief Commercial Officer of Avolon, Andy Cronin, CEO of Avolon and Christian Scherer, Chief Commercial Officer and Head of International at Airbus

Avolon finalises Airbus order for 20 A330neo aircraft

Aircraft leasing company Avolon today said it had signed a binding agreement to purchase 20 Airbus A330neo widebody aircraft, firming up a memorandum of understanding signed at the Paris Airshow in June.

Business • 05 Sep 23

Avolon has a total of 149 airline customers operating in 65 countries

Avolon sees supply chain issues persisting into 2025

Aircraft manufacturers are stabilising production runs but problems will likely persist in the supply chain as they ramp up deliveries in the next two years, the head of the world's third-largest aircraft lessor said today.

Business • 20 Jul 23

Avolon CEO Andy Cronin says the Boeing deal reflects its confidence in the long-term outlook for the aviation sector

Avolon agrees $4bn deal with Boeing for 40 737 MAX jets

Aircraft leasing company Avolon said today it had committed to ordering 40 Boeing 737 MAX aircraft in a deal worth over $4 billion at current list prices, a boost for the US planemaker as it grapples with fresh delivery issues.

Business • 27 Apr 23

Avolon added three customers in the first quarter for a total of 147 airlines

Avolon says Q1 business boosted by China reopening

Aircraft leasing company Avolon today said the reopening of China after it eased strict Covid-19 rules has boosted levels of leasing and trading activity.

Business • 06 Apr 23

Andy Cronin, the Avolon CEO, said the outlook for 2023 is positive

Avolon's lease revenue up 9% amid positive outlook

Dublin-based aviation leasing company Avolon has reported a 9% increase in lease revenue for the year to the end of December and said the outlook for 2023 is positive.

Business • 09 Feb 23

Avolon said its lease revenues rose to $546m in the third quarter of this year from $518m in the third quarter of 2021

Avolon's income and lease revenues rise in Q3

Dublin-based aviation leasing company Avolon has reported higher income and lease revenues for the third quarter of 2022 compared to the same time last year

Business • 25 Oct 22

Avolon's management changes as new CEO take up role

Dublin-based aviation leasing company Avolon has announced new management appointments today as its chief executive Dómhnal Slattery leaves the role after a successful transition period.

Business • 05 Oct 22

Andy Cronin