ALC and Avolon report year end numbers |

These are two influential lessors who are bellwethers for the industry. The numbers of Air Lease Corporation and Avolon offer a view of the commercial aviation "market makers." In early 2023, there were still questions about commercial aviation for investors. In 2021, there were brave voices who saw a V-recovery coming. White & Case published a report on the commercial aviation leasing market. The report highlights lessor flexibility and cheap financing. Interest rates are much higher now, but the market still favors lessors. The demand for aircraft remains strong. But the OEMs cannot deliver fast enough. This is not only a supply chain recovery issue - the MAX grounding impacts the market along with program hiccups. Bullish sentiment also came from KPMG in 2022. KPMG noted the industry's resilience. Perhaps they must be nimble because lessors are middlemen in a tight space between OEMs and airlines. A successful lessor is close to the operator and understands how the customer is impacted by the industry's myriad exogenous factors - from weather to labor shortages. Ernst & Young Global Limited echoed the positive outlook, calling the sector "an interesting prospect for long-term investors." With that backdrop, here are the 2023 numbers from two leading lessors. Avolon Andy Cronin, Avolon's CEO, commented: “Strengthening market conditions allowed us to place our order book and used aircraft at accretive lease rates while underwriting US$4bn of new volume through the sale and leaseback market. Our balance sheet scale allowed us to order a further 200 new technology aircraft which strengthens our delivery pipeline and growth into the next decade.” The company ordered 200 aircraft, delivered 43, and sold 31 for the year. In 4Q23, 100 orders were placed, 22 were delivered, and 12 were sold. At year-end, Avolon had 146 airline customers. Reflecting investor confidence in aircraft financing, Avolon closed a private offering of $400m in senior unsecured notes due 2028 and repriced a $2.3bn Term Loan B, extending $650m of the facility from 2027 to 2028. Air Lease Corporation The company offered no CEO statements. But its numbers reflect the same market reaction as above. In 4Q23, ALC delivered six A220s, one A320neo, eight A321neos, two A330-900neos, two 737-8s, and Boeing 737-9s. It has 334 aircraft on order. The last of the current orders should be delivered in 2029. Here are a few tables that provide a numerical picture. Fleet numbers. [caption id="attachment_80596" align="aligncenter" width="533"] Companies[/caption] Funding [caption id="attachment_80594" align="aligncenter" width="204"] Companies[/caption]

US Flight Planner - US DoT On-Time Data	Airbus vs Boeing - Official OEM Data
US Airline Schedule Performance - US DoT Data	Daily OEM Production & Deliveries -

Subscribe To Our Newsletter

Related News

Subscribe To Our Newsletter

Related News

FAA certifies Boeing 737 MAX 7; Crucial for Boeing

Avolon Income Up 45%; Uprated by S&P

Airbus reports 1H 2026 Financials and Affirms Guidance