AVOLON UPGRADED BY FITCH RATINGS TO BB+ WITH A POSITIVE OUTLOOK

Dublin | 13 February, 2019: Avolon Holdings Limited (‘Avolon’), the international aircraft leasing company, announces that Fitch Ratings (‘Fitch’) has upgraded both its issuer and senior unsecured notes ratings to BB+ with a positive outlook. Fitch has upgraded its Avolon issuer rating from BB to BB+ with a positive outlook.

Fitch has also upgraded its issue-level rating on all outstanding senior unsecured notes issued by Avolon’s wholly owned subsidiaries, Avolon Holdings Funding Limited and Park Aerospace Holdings Limited, from BB to BB+ with a positive outlook.