Avolon reports strong leasing activity and credit rating upgrade in Q2

Avolon has reported a strong second quarter of 2026, highlighted by a credit rating upgrade from S&P Global Ratings, continued fleet expansion and active aircraft trading.

During the three months to 30 June, the global aviation finance company was upgraded by S&P Global Ratings to BBB, bringing its rating into line with Moody’s (Baa2) and Fitch (BBB). The upgrade reflects the strength of Avolon’s balance sheet and financial position as it continues to expand its global aviation leasing business.

Operationally, Avolon executed 46 lease agreements, extensions and amendments during the quarter, while continuing to reshape its portfolio through acquisitions and sales.

The company acquired 21 aircraft during the period and completed the sale of 30 aircraft. It also agreed the sale of a further 109 aircraft by the end of the quarter, demonstrating continued demand for aviation assets.

Avolon also made further progress in placing its future delivery pipeline, securing lease commitments for nine new-technology aircraft. As a result, 80% of its committed fleet has now been placed through to the end of 2028, providing strong visibility over future earnings.

At 30 June 2026, Avolon’s owned, managed and committed fleet totalled 1,117 aircraft, reflecting the scale of its global platform and long-term investment strategy.

The company also strengthened its funding position during the quarter by completing a US$500 million unsecured revolving credit facility with a syndicate of five banks based primarily in the Middle East, further diversifying its funding sources.

Avolon works with 138 airline customers across 60 countries and continues to focus on supporting airline growth through long-term aircraft leasing while maintaining a disciplined approach to capital management and portfolio optimisation.