Dublin-based Avolon agrees transactions for over 100 aircraft

The company has a fleet of 591 aircraft and has ordered 260 fuel-efficient, new-technology aircraft.

Avolon chief executive and founder Dómhnal Slattery: Last year the company announced plans to purchase 500 'flying taxis' and Mr Slattery said it could order even more.

Dublin-based aviation leasing company Avolon executed 54 lease transactions in the second quarter comprising new aircraft leases, follow-on leases, and lease extensions.

In a trading update published yesterday, the company said the leases were amongst 100 aircraft transactions carried out since April including the sale and leaseback of 13 aircraft and the placement of 31 aircraft from Avolon’s order book.