Avolon acquires Castlelake's 118-jet portfolio for $5B to increase earnings and fleet size.

Avolon, a Dublin-based aircraft leasing company, has agreed to acquire Castlelake’s portfolio of 118 jets for $5 billion, which includes 105 leased aircraft and 13 new models. The deal, set to close in Q1 2025, aims to enhance Avolon's earnings and fleet size. This acquisition follows Avolon's 38% year-over-year net income increase in Q2 2024, reflecting its growth in the aviation sector and maintaining a strong financial position with $8.2 billion in available liquidity.

September 13, 2024
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