Income at Irish aircraft leasing firm Avolon rises 24%

Net income increase to €110.7m during the third quarter of this year was driven by rising lease revenue, according to latest results

The company generated $677m in leasing revenue between July and September — a 15% increase on the same period last year.

Dublin-based aircraft leasing firm Avolon has seen its net income increase to $120m (€110.7m) during the third quarter of this year, driven by rising lease revenue.

According to the company’s latest financial results, Avolon generated $677m in leasing revenue between July and September — a 15% increase on the same period last year. It generated $536m in cash from operating activities, which was down 14% compared to last year.