Avolon, an aircraft leasing company, has reported strong growth in its fleet and financing activity in 2025, according to its fourth-quarter and full-year update.
During the year, Avolon acquired 168 aircraft, including more than 100 aircraft as part of its takeover of Castlelake Aviation Limited. Twenty-one of those aircraft were added in the final three months of the year.
The company also sold a record 95 aircraft during 2025, with an average age of 10 years. Twenty-six aircraft were sold in the fourth quarter, with a further 72 aircraft already agreed for sale.
Avolon said demand for newer, more fuel-efficient aircraft remained strong. It placed 59 new-technology aircraft with airline customers during the year, including 10 in the final quarter.
The lessor also placed a major order with Airbus for 90 aircraft, made up of 75 A321neo and 15 A330neo jets. Deliveries are scheduled through to 2033.
By the end of 2025, Avolon’s owned, managed and committed fleet stood at 1,132 aircraft, including orders and commitments for around 500 planes.
The company’s financial position also strengthened. Credit ratings were upgraded by Moody’s and Fitch, while S&P revised its outlook to positive.
Avolon also extended and expanded its unsecured revolving credit facility to $6.3bn, with the maturity pushed out to October 2029.
In addition, the company secured $6.6bn in new unsecured debt financing during the year, including $3.6bn in senior unsecured notes and $3bn in new bank facilities.
Avolon said the results reflect continued airline demand for modern aircraft and long-term fleet renewal as carriers focus on efficiency and sustainability.
