JOURNAL ARTICLE

Avolon to Buy Castlelake's Aircraft Leasing Unit.

  • Published In: Bloomberg.com, 2024. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Philip, Siddharth 3 of 3

Abstract

Avolon Holdings, an Irish aircraft leasing firm, has agreed to acquire Castlelake LP's aircraft leasing unit, adding 118 jets to its portfolio. The deal includes 105 planes currently on lease and orders for 13 new planes. Aircraft lessors have become important sources of financial support for airlines during the pandemic, and consolidation in the industry has increased due to higher interest rates. The transaction is expected to close in the first quarter of 2025, and Avolon will fund the balance with existing sources of liquidity. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2024/09, pN.PAG
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2024
  • Accession Number:179641887
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