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

flag 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. flag The deal, set to close in Q1 2025, aims to enhance Avolon's earnings and fleet size. flag 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.

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