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Avolon Net Income Increases 91% in First QuarterAvolon, a leading global aviation finance company, announces results for the first quarter ('Q1') of 2024. 2024 FIRST QUARTER | FINANCIAL HIGHLIGHTS
- Net income of US$107 million for the quarter, up 91% year on year;
- Total available liquidity at quarter end of US$6.6 billion; and,
2024 FIRST QUARTER | FLEET HIGHLIGHTS
- Executed 39 lease transactions comprising new aircraft leases, follow-on leases and lease extensions;
Andy Cronin, Avolon CEO, commented: "The first quarter of 2024 demonstrates the upward financial trajectory of our business, headlined by our increasing profitability. Our large orderbook provides us with a clear competitive advantage in an undersupplied market. Coupled with our prudent balance sheet and liquidity position, we are in a strong position to drive further profitability and generate long-term shareholder value." About Avolon Avolon is a leading global aviation finance company connecting capital with customers to drive the transformation of aviation and the economic and social benefits of global travel. We pride ourselves on our deep customer relationships, our collaborative team approach, and our fast execution. We invest with a long-term perspective, diversifying risk and managing capital efficiently to maintain our strong balance sheet. Working with 145 airlines in 64 countries, Avolon has an owned, managed, and committed fleet of 1,033 aircraft, as of 31 March 2024. www.avolon.aero
View source version on businesswire.com: https://www.businesswire.com/news/home/20240501316849/en/ |