Aircraft leasing firm Avolon Holdings has reported a 33% increase in net income for the third quarter and reaffirmed its full year guidance as it posted its 13th quarter of profitable aircraft trading in a row.

Avolon said its net income rose to $58.37m from $43.83m the same time last year.

Revenues for the three months to the end of September increased to $201.9m from $164.4m the same time last year.

During the third quarter, the company delivered eight new aircraft to seven airlines based in six different countries in deals with $350m.

Chief executive Dómhnal Slattery said the positive momentum in the business has continued during the third quarter.

"We have delivered on our committed pipeline and we are very pleased to reaffirm our 2015 full year guidance for reported returns on the back of our improving funding costs and a strong trading performance," Mr Slattery added.

In September, the company agreed to be bought for about $2.5 billion by Bohai Leasing, a unit of Chinese aviation and shipping conglomerate HNA Group. 

The Avolon CEO said the company remains on track for an expected closing of the transaction by the first quarter of next year. 

"We are pleased to have delivered strong returns for our shareholders in the year to date and look forward to the future with confidence under Bohai’s ownership," he added. 

The company said it owned or managed 154 aircraft at the end of September, with the average age of the fleet at 2.7 years.