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flag Avolon buys Castlelake Aviation for €1.2B, expanding its aircraft fleet to 1,129 planes.

flag Avolon, an Irish aircraft leasing firm, has completed a €1.2 billion acquisition of Castlelake Aviation Limited, adding 106 leased aircraft and commitments for 10 new planes to its fleet, bringing the total to 1,129 aircraft. flag Avolon now owns and manages 664 aircraft with commitments for 465 new-tech planes. flag The fleet includes mostly narrow-body and new-generation aircraft with a young average age.

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