Avolon placed firm orders for 250 new aircraft from Boeing (NYSE: BA) and Airbus on 9 October 2026, with options for a further 100 jets, the Dublin-based lessor said.
The order splits 140 Boeing 737 MAX aircraft and 110 Airbus jets, comprising 75 A320neo-family and 35 A330neo-family models, according to Avolon’s statement. Reuters independently confirmed the same figures.
Largest order in Avolon’s history
The purchase is the biggest Avolon has placed with either manufacturer, lifting its total aircraft on order to 749, on top of 561 it already owns, Investing.com reported. The lessor manages a fleet of 1,092 aircraft leased to 138 airlines across 62 countries as of end-September 2026, Free Malaysia Today reported, citing AFP.
The deal is not yet done. It requires approval from shareholders of Bohai Leasing Co., which owns 70% of Avolon, expected by the end of October 2026, Quartz reported. Avolon also sold 29 aircraft in the third quarter and had agreed a further 112 aircraft sales by the end of September, according to a Reuters wire republished by 933 The Drive.
Boeing’s finances still in repair
The order lands as Boeing works through a prolonged run of losses. The planemaker posted a net loss of $444m in the second quarter of 2026, on revenue of $24.56bn, according to its 10-Q filing with the SEC.
That loss follows a far deeper trough. Boeing lost $6.17bn in the third quarter of 2024, its filings show, before narrowing losses to just $4m in the first quarter of 2026 and then widening again to $444m in the second. Diluted losses per share over that run moved from $9.97 in Q3 2024 to $0.11 in Q1 2026, before coming in at $0.67 in Q2 2026, per Boeing’s filings.
Revenue has climbed steadily across the same period, rising from $16.57bn in the first quarter of 2024 to $24.56bn in the second quarter of 2026, SEC data show. The pattern points to a manufacturer whose top line is recovering faster than its bottom line, with quarterly losses narrowing in fits and starts rather than a single clean turn.
Boeing shares traded at $189.836 as of 13:00 UTC on 9 October 2026, up 0.98% on the day but down 3.5% over the prior 20 trading days, on volume running at roughly 0.13 times the 20-day average. The stock’s 20-day range spans $184.42 to $203.42.
Financing backdrop for lessors
The order also arrives against a higher-rate backdrop for aircraft financing. The 10-year US Treasury yield stood at 5.28% on 7 October 2026, up marginally from 5.27% the prior session, according to FRED data from the Federal Reserve Bank of St. Louis. The 2-year yield sat at 4.77%, with the 10-year/2-year spread narrowing to 0.47 percentage points from 0.51, FRED figures show, a backdrop that bears on financing costs for lessors committing to large order books years in advance.
US consumer prices rose to an index level of 334.131 in August 2026 from 332.813 the prior month, while the unemployment rate ticked up to 4.2% in September from 4.1%, according to FRED. None of these macro figures directly determine aircraft lessors’ costs, but they frame the rate environment in which Avolon is locking in deliveries that will stretch out over several years.
Avolon’s chief executive, Andy Cronin, was quoted discussing demand for new-technology aircraft, according to a Free Malaysia Today report citing AFP. The company has not disclosed a value for the order or specified delivery timing for the individual aircraft types.
Shareholders at Bohai Leasing are expected to vote on the transaction before the end of October 2026, a date that will determine whether the order converts from commitment to contract.
This article is for information only and is not investment advice or a recommendation to buy or sell any asset. Markets move quickly; figures are correct as sourced at the time of writing. Always do your own research before making financial decisions.
