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Global aviation finance firm Avolon has released its third quarterly update for this year, spanning the period from 1st July to 30th September.
Per the update, Avolon has acquired 17 aircraft, sold 15 aircraft and ended the quarter with 60 aircraft agreed for sale.
The company also entered into several letters of intent for the purchase and lease of ten aircraft whilst placing eight aircraft from its orderbook.
The company thus ended Q3-2025 with 99 percent of its orderbook placed for the next 24 months.
Other quarterly developments
In the third quarter of this year, Avolon also placed an order with Airbus for 90 new aircraft, including 75 A321neo aircraft and 15 A330neo aircraft.
The new aircraft are scheduled to be delivered out to 2033.
The company also raised US$2.2 billion in unsecured funding and completed the repayment of US$829 million of existing secured debt and a US$1 billion tender offer, increasing both the duration and proportion of unsecured debt in our capital structure.
With that said, Avolon ended the quarter with an owned, managed and committed fleet of 1,159 aircraft, including orders and commitments for 522 new technology aircraft.
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Source: traveldailymedia