Avolon ‘on track to grow fleet to 150’

Avolon, the Irish-owned aircraft leasing company, has said it remains on track to grow its fleet size to 150 aircraft over the next two years.

In its latest trading update, the Dublin-headquartered firm said it upped its aircraft portfolio to 103 planes in the first three months of the year and secured financing commitment — from the Export-Import Bank of the United States — for seven more aircraft, due for delivery this year.

The company secured commitments from three new lending banks during the period, bringing its lending group to 19 institutions.