What Happened
Irish Lessor Offloads MAX 8, A330 and A350 Jets in Billion-Dollar Deal
Irish lessor Avolon has sold a portfolio of 33 commercial aircraft, including Boeing 737 MAXs, Airbus A330s, and A350s, to Qatar-based Lesha Bank. The transaction, valued at $1.609 billion, covers a range of narrowbody and widebody jets, with delivery expected to be completed by March 31, 2027. The sale is seen as a significant milestone in the development of the relationship between Avolon and Lesha Bank, and demonstrates the continued strength of demand for high-quality aviation assets. According to a filing on the Shenzhen Stock Exchange by Avolon’s owner Bohai Leasing, the agreement will help optimize Avolon’s aircraft asset structure and have a positive impact on the company’s profits. This deal was first reported by AeroTime.