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One of the new Flynas Airbus A320neo planes

Avolon delivers five new Airbus planes to Flynas

Dublin-based aircraft leasing company Avolon said today it has completed the delivery of five new Airbus A320neos to Middle Eastern low-cost carrier Flynas.

Business • 08 Nov 23

Avolon agrees deal for nine planes with Cathay Group

Dublin-based aircraft leasing company Avolon has agreed the sale and leaseback of nine new Airbus A320neo planes with Hong Kong's Cathay Group.

Business • 09 Oct 23

Avolon sold 14 planes in third quarter of 2023

Dublin-based aircraft leasing company Avolon said it delivered seven new aircraft and transitioned four aircraft to a total of seven customers during the third quarter of this year.

Business • 05 Oct 23

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 said deliveries would take place from 2026 to 2028.

Avolon signs MoU for 20 Airbus A330neo jets

Aircraft leasing company Avolon has signed a memorandum of understanding (MoU) to order 20 Airbus A330neo aircraft, the companies said at the Paris Airshow today

Business • 21 Jun 23

The Avolon order came as the Paris Air Show continued

Avolon orders 40 new Boeing 737 MAX aircraft

Irish aircraft leasing company Avolon has ordered 40 new Boeing 737 MAX aircraft.

Business • 20 Jun 23

Dómhnal Slattery interview

Dómhnal Slattery founded two of the top three aircraft leasing companies in the world over the last 25 years.

Business • 01 Jun 23

Avolon has completed the delivery of its 100th Airbus A320neo to Cebu Pacific

Avolon delivers 100th Airbus A320neo to Cebu Pacific

International aircraft leasing company Avolon said today that it has completed the delivery of its 100th Airbus A320neo.

Business • 11 May 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

Lloyd's of London is among insurers named in many cases, including those taken by the three largest aircraft lessors, AerCap, Avolon and SMBC Aviation Capital

Lloyd's expects insurer deals on planes stuck in Russia

Lloyd's of London expects insurers will eventually reach a settlement with aircraft lessors over claims made over the loss of hundreds of aircraft stuck in Russia, the commercial insurance market's chairman was quoted as saying today.

Business • 26 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

The new planes are the first A320neos in ITA Airway's fleet

Avolon delivers three new Airbus planes to Italy's ITA

International aircraft leasing company Avolon has delivered three new Airbus A320-200neos to Italy's ITA Airways.

Business • 06 Mar 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

The sale and leaseback transaction is Avolon's first deal with Akasa

Avolon delivers 5 aircraft to Akasa Air

Aircraft leasing firm Avolon has completed the delivery of five new Boeing 737-8 MAX aircraft to Akasa Air, India's newest airline.

Business • 07 Feb 23

Aengus Kelly is chief executive of the world's biggest lessor AerCap

No room for gloom at Dublin's Davos for plane lessors

While the prospect of global recession casts a long shadow over the snowy peaks of Davos this week, the mood was mostly sunnier at another gathering of executives - the owners of most of the world's planes - 1,700 kilometres away in Dublin.

Business • 20 Jan 23

Manufacturers were accused of grossly misjudging output

Airlines now struggling with shortage of jets

China's abrupt decision to lift Covid-19 travel curbs could accelerate a global recovery in air traffic - but after widespread staff shortages, the airline industry is now struggling with a shortage of jets, financiers said today.

Business • 16 Jan 23

Airlines are expected to return to profit this year as demand for flights continues to grow

Air traffic to hit pre-pandemic levels by June - Avolon

The aviation sector will return to profit this year with air traffic passing pre-pandemic levels by June, according to one of the world's largest aircraft leasing firms.

Business • 16 Jan 23

Avolon now has a total of eight aircraft on lease with Turkish Airlines

Avolon delivers five new planes to Turkish Airlines

Dublin-based aviation leasing company Avolon has completed the delivery of five new Airbus A321neos to Turkish Airlines.

Business • 09 Jan 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

In total AerCap's financing transactions totalled $1.4bn during the period

AerCap signs 184 new leases during third quarter

Aircraft leasing giant AerCap signed 184 new lease agreements between July and September, the company has revealed.

Business • 11 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

Dómhnal Slattery to step down as CEO of Avolon

Dómhnal Slattery, the chief executive of Dublin-based aviation leasing company Avolon is to step down from his role this year.

Business • 26 Jul 22

Avolon owns and manages a fleet of 592 aircraft

Avolon records $182m loss due to Russia writedown

Aircraft leasing firm Avolon recorded a first quarter loss of $182m as a result of its inability to reclaim aircraft it owns that were in Russia when it invaded Ukraine.

Business • 03 May 22

Dómhnal Slattery, the CEO of Dublin-based aviation leasing company Avolon

Difficult to do business in Russia again - Avolon CEO

Dómhnal Slattery, the chief executive of Dublin-based aviation leasing company Avolon, said he believes it will be very difficult for the aircraft leasing sector in general to underwrite new business in Russia for a very long period of time - if ever.

Business • 29 Mar 22