Avolon, the international aircraft leasing company, announced results for the first quarter of 2015. Net Income for the quarter was up 36% to US$49m versus the first quarter 2014, while adjusted net income was up 34% to US$62m versus 2014. Avolon sold aircraft in the first quarter with a net book value of US$145m at a gain of US$14.6m or 10% premium to net book value. The company delivered eight aircraft to five airlines based in five countries in the first quarter and signed US$841m of new sale and leaseback commitments, representing 19 aircraft.
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[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada