Irish aircraft lessor Avolon has reported continued financial and operational growth for the third quarter of 2025, driven by higher lease revenues, solid cash flow, and an expanding fleet of next-generation aircraft.
According to the company’s latest fact sheet, Avolon’s owned and managed fleet reached 637 aircraft, with a further 522 committed, bringing its total portfolio to 1,159 aircraft.
The lessor said 68% of its fleet by net book value now consists of new-technology, fuel-efficient models, with a goal to exceed 75% by the end of 2025.
The Dublin-based firm recorded a 27% year-on-year increase in net income, alongside 2% growth in lease revenue and a 16% rise in operating cash flow over the last twelve months.
Total assets now exceed $34 billion, with a net debt-to-equity ratio of 2.5x, reflecting what Avolon described as a “strong balance sheet and efficient capital management.”
Avolon highlighted favourable market conditions, including a resilient post-pandemic recovery, tight aircraft supply, rising lease rates, and airlines’ ongoing demand for capital.
Chief executive Andy Cronin said the company’s scale and strong customer relationships position it to deliver “superior results” in a growing aviation finance market.
Avolon, which serves 141 customers across 62 countries, also reaffirmed its commitment to sustainability, noting it had achieved net zero operations in 2025 and continues to expand its CSR programme, CARE.
The company holds investment-grade credit ratings from the three major agencies — Baa2 (Moody’s), BBB (S&P) and BBB– (Fitch) — all with stable or positive outlooks.
Avolon’s management team, led by Cronin, includes President and Chief Commercial Officer Paul Geaney, Chief Financial Officer Ross O’Connor, and Chief Operating Officer Felipe Campos.
