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Avolon sold 14 planes in third quarter of 2023

An Avolon Airbus A330 plane
An Avolon Airbus A330 plane

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.

In a trading update for the three month period, Avolon said it sold 14 aircraft and entered letters of intent for the sale of a further 15 planes.

It also added one new customer, which gives it a total of 147 airline customers operating in 65 countries.

Avolon also confirmed orders for 20 Airbus A330neo aircraft, and placed the first of these aircraft, while it executed 43 lease transactions comprising new aircraft leases, follow-on leases and lease
extensions.

The company said it ended the third quarter with an owned and managed fleet of 568 aircraft, with total orders and commitments for 329 fuel-efficient, new technology aircraft.