Industry

Published on July 17th, 2021 | by Mark Dwyer

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Avolon Q2 Update

Avolon, the Dublin based international aircraft leasing company, has issued an update for the second quarter of 2021. In what has been a challenging time for lessors, the company still executed 48 lease transactions in the quarter, comprising new aircraft leases, follow-on leases and lease extensions. Avolon also sold 3 aircraft and entered into Letters of Intent for the sale of 12 owned aircraft during the quarter. They delivered 8 new aircraft to 6 customers and transitioned 5 aircraft to follow-on lessees. At the end of the quarter, Avolon now has 149 airline customers operating in 62 countries, an owned and managed fleet of 581 aircraft and total orders and commitments for 256 fuel-efficient, new technology aircraft.

During the quarter, rating agencies Moody’s and Fitch improved Avolon’s credit outlook to Stable. The other highlight of the quarter was the world’s largest zero-emissions eVTOL aircraft order through its affiliate Avolon-e. The company will be a launch customer for Vertical’s VA-X4 with a commitment for up to 500 electric aircraft valued at $2 billion. They will join Microsoft, Rolls-Royce, Honeywell and American Airlines as equity investors in Vertical.

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About the Author

Mark is an airline pilot flying the Boeing 737 for a major European airline. In addition he is also a Type Rating Instructor, Type Rating Examiner and Base Training Captain on the B737. Outside of commercial flying Mark enjoys flying light aircraft from the smallest 3 Axis microlights up to heavier singles. He is also an instructor and EASA Examiner on single engines and a UK CAA Examiner. He flies the Chipmunk for the Irish Historic Flight Foundation (IHFF). Mark became the Chairman of the National Microlight Association of Ireland (NMAI) in 2013 and has overseen a massive growth in the organisation. In this role he has worked at local and national levels. In 2015, Mark won ‘Upcoming Aviation Professional Award’ at the Aviation Industry Awards sponsored by the IAA. Mark launched this website back in 2002 while always managing the website, he has also been Editor and Deputy Editor of FlyingInIreland Magazine from 2005 to 2015.



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