Dublin-based aircraft lessor Avolon reported record net profit of $718m (€658m) last year. This was a slight increase on its 2018 profit of $717m (€657m). In 2019 Avolon delivered, transitioned or sold a total of 170 aircraft. We built on this achievement by delivering net profit of $718m, the highest net income in any year in Avolon’s history.”Looking ahead, he warned the continued spread of the coronavirus “creates an uncertain backdrop for our airline customers”. At year end, Avolon had $16.6bn (€15bn) future contracted rental cashflows.

Source: Irish Independent February 12, 2020 07:41 UTC