Aviation
Avolon profits jump ninefold to €69m in ‘excellent’ quarter for Irish aircraft lessor
Company has recently ordered 40 jets from Boeing and 20 from Airbus
Avolon, the Irish aircraft leasing company, posted a ninefold increase in profits in the three months up to June 30, reaching $76 million (€69 million) in what the firm described as an “excellent” quarter.
The lessor, which is headquartered in Dublin, said in a trading update that its lease revenue grew by 14 per cent to $613 million (€547 million) in the second quarter of the year, up from $539 million in the same period ...
