Avolon, a leading global aviation finance company, issues an update for the first quarter (‘Q1’) of 2025

Q1 Fleet and Financing Highlights

• Acquired 115 aircraft including closing the acquisition of Castlelake Aviation Limited, increasing our delivered fleet to 639 owned and managed aircraft;
• Sold 34 aircraft and ended the quarter with 66 aircraft agreed for sale;
• Ended the quarter with an owned, managed and committed fleet of 1,096 aircraft, including orders and commitments for 457 fuel-efficient, new technology aircraft;
• Placed 15 aircraft from our orderbook ending the quarter with 97% of our orderbook placed for the next 24 months; 
• Raised US$850 million senior unsecured notes due 2030, with proceeds used to repay secured debt; and
• Placed on review for upgrade by Moody’s (Baa3), Fitch (BBB-) also on positive outlook

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 141 airlines in 60 countries, Avolon has an owned, managed, and committed fleet of 1,096 aircraft, as of 31 March 2025. www.avolon.aero

About Castlelake Aviation Limited :

Castlelake Aviation Limited was established as a dedicated platform by Castlelake, L.P., a prominent global alternative investment firm with extensive experience in aviation. Castlelake, L.P. has a long-standing history of investing in, financing, and managing aviation assets since 2005, deploying significant capital in the sector. Castlelake Aviation Limited was created to efficiently finance primarily new technology aircraft, recognizing favorable industry tailwinds such as a perceived under-supply of aircraft relative to passenger demand. The platform aimed to capitalize on Castlelake’s deep industry relationships and expertise to provide flexible and efficient financing solutions in the aviation market.

Castlelake Aviation Limited built a substantial portfolio of aircraft assets, demonstrating a strong growth profile and access to diverse debt financing options. The company actively managed, owned, or financed a significant number of aircraft, maintaining high utilization rates which indicated strong demand for their assets. Their investment approach involved a multifaceted review of each opportunity, considering technical profiles, lessees, jurisdictions, economic impacts, and potential outcomes to optimize cash flow and residual value. The platform also focused on building long-standing relationships across a global network of airlines, lessors, manufacturers, and other industry participants to enhance sourcing and investment opportunities.

Source : Avalon