Dublin-based aircraft leasing company Avolon has posted higher income and lease revenues for the second quarter of 2026, adding that its orderbook positions it well for continued growth.
Avolon’s net income rose by 45% to $209m for the three months to the end of June, bringing its trailing 12-month net income to $702m, up 31% year-on-year.
The company’s lease revenue rose by 7% to $726m from $678m the same time last year.
It said it generated $501m of operating cashflow during the quarter and $2.4 billion over the last 12 months.
During the second quarter, Avolon bought 21 planes, sold 30 planes and ended the quarter with 109 planes agreed for sale and commitments for 503 aircraft.
It said it had total available liquidity of $12 billion at end of June, including $356m of unrestricted cash and $8 billion in undrawn debt facilities.
Andy Cronin, Avolon’s chief executive, said the company delivered another strong quarter, with net income increasing 45% year-on-year to $209m.
“During the period, S&P upgraded Avolon to BBB, aligning our ratings with Moody’s and Fitch, and reflects the strength of our business and balance sheet,” Mr Cronin said.
“With demand for aircraft remaining strong and supply constraints continuing across the industry, our orderbook positions us well for continued growth,” he added
