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Aeroplane

Avolon fleet reaches 202 aircraft


International aircraft leasing group Avolon’s committed fleet has reached 202 aircraft serving 47 customers globally, according to the firm’s trading update for Q1 2014.

Avolon’s committed fleet increased by 20 aircraft in Q1 2014 valued at USD1.3bn at base value, and the company has continued strong momentum during the quarter in placement of forward order book.
 
Avolon has sold 12 aircraft in the past 12 months, and 21 aircraft cumulatively in the past 24 months.
 
Meanwhile the firm has expanded its customer base to 47 airlines.
 
Avolon also sourced USD800m of debt commitments in Q1 2014 bringing total debt raised to USD6.1bn.

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