07 Oct 2019
Avolon Q3 Update
Avolon publishes 2019 Q3 update
Avolon Q3 Update
Dublin | 7 October, 2019: Avolon, the international aircraft leasing company, issues an update for the third quarter of 2019 (‘Q3’).
AVOLON’S OWNED, MANAGED & COMMITTED FLEET INCREASES TO 914 AIRCRAFT
Q3 FLEET METRICS & BUSINESS HIGHLIGHTS
- Owned, managed and committed fleet of 914 at end of Q3, an increase of 3% from Q3 2018;
- Owned and managed fleet of 527 aircraft at end of Q3, with total orders and commitments for 387 new technology aircraft;
- Executed a total of 21 lease transactions in the quarter comprising of new aircraft leases, follow-on leases and lease extensions;
- Delivered a total of 8 new aircraft to 5 customers and transitioned 4 aircraft to follow-on lessees;
- Sold 10 aircraft during the quarter, 3 of which were managed, and also disposed of 1 additional managed aircraft constituting an insured total loss;
- Total of 152 airline customers operating in 61 countries.
Q3 STRATEGIC & FINANCIAL HIGHLIGHTS
- Upsized our unsecured revolving credit facility by US$225 million, bringing the total facility size to over US$3 billion, an increase of $1.24 billion, or 69% of total size since Q3 2018;
- Extended the maturity of our unsecured revolving credit facility by 21 months to April 2024 and reduced the facility margin, based on Avolon’s investment grade corporate ratings profile
For Further Information Please Contact
David Breen / Joe Brennan
Avolon Investor Relations
[email protected]
T: +353 1 231 5800
Douglas Keatinge
Avolon Head of Communications
[email protected]
T: +353 86 037 4163