Avolon

SpinLaunch Chairman Dómhnal Slattery described the transition as a “natural progression.”

Lessors around the world completed a series of financing deals in recent days.

The largest aircraft lessors could receive more than $2B by 2025 as insurance settlements from lost business and assets in Russia pay out faster than expected.

For the leasing and air finance industry, the Boeing crisis seems to have sunk in to a degree as part of normal life in aerospace and for its customers.

In a new outlook paper highlighting major changes in the aviation market, lessor Avolon said it expects market lease rates to rise further.

Airline lessor Avolon said market conditions were strengthening as it gave an update on 2023 activities.

Avolon has placed further large orders for both the Boeing 737-8 and the Airbus A321neo in deals that indicate where the lessor thinks the market will trend.

Dómhnal Slattery has a new job as chairman of a startup looking to commercialize a centrifuge-based mass accelerator for space access called SpinLaunch.

Emirates plans to reveal further orders taking fleet plans into the 2030s, but new players like Riyadh Air and a revived Indian aviation sector are emerging.

Domestic growth and overseas investment are stimulating Ireland’s MRO ecosystem.

India has belatedly amended its insolvency law to exclude leased aircraft from assets that can be frozen in line with the 2001 Cape Town Convention.

As airlines scramble for capacity, lessors enjoy much higher rates and predict the good times are here to stay.

Avolon CEO Andy Cronin spoke to Aviation Daily on the sidelines of the recent ISTAT Europe, Middle East and Africa conference in London.

CEOs of large aircraft leasing companies are bullish about their sector’s outlook, despite much higher interest rates and continuing supply chain disruptions.

Avolon's binding agreement for the Airbus A330neos finalizes a deal that was originally announced at the June 2023 Paris Air Show.

Lessor Avolon has signed an agreement to place an order for 20 further Airbus A330-900s and is swapping 50 A320neo orders for the larger A321neo version.

Embraer announced two firm orders for the Embraer 175 and 195-E2 at the Paris Air Show on June 20 and confirmed the entry of Avolon as another E2 lessor.

Irish aircraft lessor Avolon has finalized an order for 40 more Boeing 737 MAX 8s, firming a nonbinding commitment that was first announced in April 2023.

Lessors now own about 53% of the global fleet, suggesting that leasing is the top method of aircraft financing.

The Icelandic airline's sole aircraft, an Airbus A319, had been withdrawn from service earlier this year by Hi Fly, who had wet-leased the craft to Niceair.

Lessor Avolon will take 40 Boeing 737 MAXs from the OEM toward the end of this decade, in a switch from its recent method of acquiring the type.

The Akureyri-based carrier has canceled all flights due to a dispute over lease payments between wet-lease specialist Hi Fly and lessor Avolon.

Avolon reported a favorable start to 2023 on the reopening of China, while pointing to a continued shortage of new aircraft also fueling demand.

Without the support of lessors during the pandemic, many airlines would not be around anymore. But as the industry rebounds, lessors hope for better returns.

Despite rising interest rates and major uncertainty in terms of geopolitics and aircraft supply, lessor executives at ISTAT Americas were full of optimism.