Avolon

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The Icelandic airline's sole aircraft, an Airbus A319, had been withdrawn from service earlier this year by Hi Fly, who had wet-leased the craft to Niceair.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

Ireland-based lessor Avolon believes the coming year offers good prospects, with China acting as the driving force behind broader growth.