Royal Air Maroc is leasing six Boeing 737-8s from Avolon as the Moroccan flag carrier aims to capitalize on the strong predicted growth of African air traffic.
A lack of in-region engine maintenance shop capacity combined with a shortage of capabilities is causing bottlenecks in Asia-Pacific for airline customers.
Aircraft lessors have benefited from rising lease rates, but slow aircraft production expansion and shifting U.S. economic policy are making growth harder.
Avolon's $608 million net profit in 2024 was helped by a $177 million settlement from insurance claims involving aircraft previously leased to Russian airlines.
Porter Aircraft Leasing and Avolon have entered into a sale and leaseback agreement covering four Pratt & Whitney engines powering Embraer E195-E2 aircraft.
Two major lessors posted strong profits on the back of strong demand for aircraft in recent months driven, at least in part, by production and delivery delays.
While lessors have done well with lease rates surging, disrupted supply chains and other issues make normal business, let alone growth, complicated to manage.
Avolon will buy the aircraft leasing unit of alternative investment manager Castlelake for an undisclosed sum in a deal that will add 118 jets to its fleet.
The partnership is aimed at exploring the financing and commercialization of hydrogen-powered aircraft as part of Airbus’ ZEROe concept aircraft project.
