Orix Stock Price, News & Analysis

Avolon reported strong performance in Q4 and FY 2021, highlighted by delivering 49 new aircraft and executing 229 lease transactions, leading to a 4% increase in their fleet to 592 aircraft. They successfully raised $3.7 billion in debt at a low cost of 2.5% and increased their revolving debt capacity to $5.9 billion. Avolon also announced a groundbreaking $2 billion order for up to 500 VX4 eVTOL aircraft, signaling a commitment to zero emissions. S&P, Moody's, and Fitch reaffirmed their investment-grade rating with a stable outlook.

KKR has signed a definitive agreement to acquire Yayoi Co., Ltd., Japan's leading software provider for SMEs, from ORIX Corporation. Yayoi is renowned for its accounting and tax software, having over 2.5 million registered users. The acquisition aims to enhance Yayoi's growth and accelerate digital transformation for Japan's SMEs. KKR, with significant expertise in technology investments, is set to boost Yayoi’s market penetration and operational efficiency. The transaction is expected to close by March 1, 2022, pending regulatory approvals.

Avolon has delivered its first A330neo aircraft to Cebu Pacific, marking the beginning of an eight aircraft lease agreement. This delivery is part of a broader strategy to enhance Cebu Pacific's operational capacity with more fuel-efficient aircraft, contributing to its goal of an all-Neo fleet by 2027. Avolon, a significant player in aircraft leasing, has 48 A330neo aircraft in its portfolio. The demand for aircraft is robust, reflecting a recovery in aviation post-pandemic. Deliveries of the remaining A330neo aircraft are set to continue through mid-2024.

Avolon has appointed Ciara Ruane as the new Chief People Officer, effective immediately. Ruane, with over 20 years of HR experience, will focus on enhancing Avolon's people strategy, employee experience, and leadership development. She previously served as Group Director of People and Culture at Primark. CEO Dómhnal Slattery emphasized that Ruane's appointment reflects Avolon's commitment to its workforce and aims to position the company as an employer of choice in the sector.

Avolon, a global aircraft leasing company, reported Q3 2021 results, highlighting a significant reduction in cost of capital to 3.6% following $4 billion of capital markets activity. The company achieved $518 million in lease revenue and $6 million in net income, reflecting a 10 million increase from Q3 2020. Liquidity declined slightly to $6.6 billion, and a strategic partnership with IAI for 30 cargo conversion slots aims to boost future growth.

Japan Airlines has selected Vertical Aerospace’s VA-X4 eVTOL aircraft from Avolon’s orderbook, planning to introduce the aircraft during the Osaka Kansai EXPO in 2025. This partnership aims to establish a zero-emissions eVTOL ride-sharing service in Japan, with JAL securing the right to purchase or lease up to 100 VA-X4 units. This initiative aligns with JAL's sustainability goals and aims to enhance air mobility in Japan, leveraging Avolon's expertise and resources to navigate certification processes.

Avolon, a global aircraft leasing company, provided its Q3 2021 update, highlighting significant strategic and financial developments. The company partnered with IAI for the A330-300 P2F cargo conversion program, securing 30 slots from 2025-2028. Additionally, GOL and Grupo Comporte committed to lease up to 250 zero-emission VA-X4 eVTOL aircraft. Avolon increased its revolving credit facility by $1.1bn to $4.3bn and extended its unsecured note maturities to 2027 at a reduced interest rate of 2.53%. The fleet metrics showed 54 lease transactions and a total fleet of 585 aircraft.

Avolon has partnered with IAI as the launch customer for the A330-300 P2F cargo conversion program, committing to 30 conversion slots between 2025 and 2028. This collaboration aims to capitalize on the air cargo market, projected to exceed US$150 billion in 2021 with traffic expected to double in 20 years. Avolon's decision to engage with IAI, a leader in P2F conversions, reflects its ambition to enhance cargo capacity and operational efficiency in a growing e-commerce environment.

GOL Linhas Aéreas Inteligentes S.A. has signed a non-binding letter of intent with Avolon for the acquisition or lease of 250 eVTOL aircraft, targeting a mid-2025 operational date in Brazil. Grupo Comporte is financing the initiative, leveraging GOL's expertise in aviation. The VA-X4 eVTOL aircraft, developed by Vertical Aerospace, will contribute to GOL's strategy for regional air transport and sustainability, aiming for carbon neutrality by 2050. Current plans include transitioning 75% of its Boeing 737 fleet to 737-MAX by 2030, enhancing efficiency and reducing emissions by 16%.