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Avolon Acquires Castlelake Aviation
Avolon is set to acquire Castlelake Aviation.
As of the end of March, the total assets were $5 billion, including 105 leased aircraft as well as commitments for 13 new aircraft. The portfolio is comprised of 68% narrow-body aircraft, and 70% of the aircraft use new technology, with an average age of 4.7 years and an average remaining lease term of 8.4 years.
As of the end of June, Avolon had $8.2 billion in liquidity assets, and it states that the balance sheet will remain within the target range even after the transaction. The completion of the transaction is planned for the first quarter of 2025.
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