DECARBONISATION OF AVIATION
IS AN INDUSTRY PRIORITY
Avolon is committed to working with stakeholders across the aviation industry to reduce its carbon footprint and mitigate the impact of air travel on the environment.
We believe that the most impactful near-term action airlines can take to reduce their carbon emissions is to operate the youngest, most fuel-efficient aircraft available in the market. These can reduce the amount of fuel used per seat travelled by up to 30%.
NEW TECHNOLOGY AIRCRAFT
FLEET COMPOSITION TARGET BY 2025
A THOUGHT LEADER
ON NEW TECHNOLOGIES
IN OUR OPERATIONS
We support future sustainable technologies by investing in innovation and collaborating with manufacturers. Through our Avolon-e subsidiary we have invested in eVTOL start up Vertical Aerospace, and we are active in supporting research into ways of scaling up production of sustainable aviation fuel (SAF).
Ireland’s Sustainable Aviation Fuel Opportunity
Ireland has the potential to develop a sustainable aviation fuel (SAF) industry generating revenue of €2.55 billion by 2050 and providing up to 1,000 high-skilled jobs. These are the findings of a feasibility study into the production of SAF in Ireland produced by SkyNRG and SFS Ireland, in a partnership supported by Avolon, Boeing and ORIX Aviation.
Avolon has partnered with Soisa Aircraft Interiors on a project to turn scrap material from old aircraft into craft products. Waste materials are donated to members of the Tarahumara tribe in Mexico, who make them into traditional artisan products like wallets, bags, aprons and tablecloths. Avolon’s sustainability strategy includes a commitment to support the circular economy by increasing the reuse and recycling of materials from old aircraft in a sustainable manner.
Recycle and Reuse
Aircraft Fleet Recycling Association (AFRA)
We are pleased to be supporting environmental best practice in the aviation industry, to encourage more recycling and reuse of materials. As a member of AFRA, we are committed to their mission to promote environmental sustainability and responsible end-of-service management of aircraft assets.Learn More About AFRA Here
We’re proud of the recognition we have achieved within our industry. It inspires us to
continue to push boundaries in everything that we do.
Most Sustainable Lessor
Sustainability Overall Deal of the Year
NET ZERO IN
We are committed to continually assessing the emissions generated from our day-to-day operations to allow us to identify areas to reduce and eliminate. Our target is for our operations to be Net Zero by 2025.
08 Feb 2024
AVOLON REPORTS STRONG 2023 FULL YEAR RESULTS
Net income of US$339 million and record $1.75bn operating cashflowread more
08 Feb 2024
2023 Sustainability Report
Download 2023 Sustainability Reportread more
08 Feb 2024
2023 ANNUAL REPORT
Download 2023 Annual Reportread more