Dublin-based aircraft leasing company Avolon has today reported higher net income and lease revenues for 2025 amid "robust" demand for planes.
Avolon said its lease revenue for the year rose by 7% to $2.751 billion from $2.582 the previous year while its net income jumped by 29% to £591m from £458m.
The company, which is the second biggest aircraft leasing company after AerCap, declared a dividend of $151m for the second half of 2025, bringing the full year dividend for 2025 to $297m.
During the year, Avolon bought a total of 168 aircraft, including 106 planes as part of the Castlelake Aviation transaction. This included 11 planes in the last three months of the year.
It also said it sold a record 95 aircraft in 2025 with an average age of 10 years, including 26 aircraft in the fourth quarter. A further 72 aircraft were agreed for sale by the end of the year.
Avolon said it placed 59 new technology aircraft last year and also ordered 90 new aircraft with Airbus including 75 A321neo aircraft and 15 A330neo aircraft. The new planes are scheduled to be delivered up to 2033.
The company said it ended 2025 with an owned, managed and committed fleet of 1,132 aircraft, including orders and commitments for 500 planes.
Andy Cronin, Avolon's CEO, said that 2025 was a very successful year for the lessor.
"Our strong performance was supported by higher lease rates, robust demand for aircraft, and constructive funding markets. This is reflected in our financial performance with net income of $591m and a record $2.1 billion operating cashflow," Mr Cronin said.
"Given the ongoing shortage of aircraft, we are in a favourable position to support our customers' growth prospects with our industry-leading orderbook through to the next decade," he added.
