DRIVING INDUSTRY LEADING RETURNS
L12M Lease Revenue
▲ Q3 2023 Financial Highlights
Avolon has received corporate/issuer credit ratings from four international credit rating agencies. Ratings are set out below
CORPORATE / ISSUER RATING
Avolon has received Environmental, Social and Governance (ESG) Risk Rating from a leading ESG rating company in the world. The rating is set out below.
ESG RISK RATING SCORE
GOVERNANCE AND BOARD OF DIRECTORS
PROVIDING EFFECTIVE OVERSIGHT & STEWARDSHIP OF OUR BUSINESS
Avolon has a strong, experienced Board comprising seven Directors: one independent Director, three Bohai nominees (including the Chairman), two ORIX nominees and one executive Director, Avolon's CEO.
Zhang Can Non-Executive Chairman of the Board
Zhang (Jason) Can has served as Deputy Chairman of Bohai Leasing Co., Ltd since March 2022. He previously held positions as the CFO of Hong Kong Airlines Co., Ltd., Director of Swissport Group, and CEO of CWT International Limited (HK00521). Zhang Can holds a bachelor's degree in accountancy from Wuhan University and MBA from Columbia University.
Denis Nayden Vice Chairman of the Board
Denis Nayden has served as Vice Chairman of the Board since April 2016 and was previously the Chairman of the Board from May 2010 to January 2016. Mr. Nayden also currently holds the positions of Chairman of Varagon Capital, a $7B direct lending asset manager and Chairman, Investment Committee member and Operating Investor at Harkness Capital Partners. Mr. Nayden also serves on the Board of Directors of buildOn (a non-profit organization) and LiteSheet Solutions. Mr. Nayden was formerly an Advisory Managing Partner of Oak Hill Capital from January 2017 to December 2017 and a Managing Partner from 2003 through 2016. Prior to joining Oak Hill, Mr. Nayden served as the Chairman and Chief Executive Officer at GE Capital. Mr. Nayden spent more than 25 years serving in various roles at GE Capital, including oversight of GE Capital Aviation Services. Mr. Nayden previously served as Chairman of the Boards of Duane Reade, Firth Rixson Limited, Omada International, Primus International and RSC Equipment Rental.
Julian Wang Non-Executive Director
Duan (Julian) Wang joined the Board of Avolon in February 2022. He has served as President of HNA Group North America LLC since January 2019 and has served as Executive Vice President of HNA Capital Group Co., Ltd since February 2020. Mr. Wang has served in HNA Group for over 15 years and has been responsible for adding new strategies, assets, and businesses to HNANA while supporting growth and achieving long-term value for the company’s portfolio of premier global companies. Mr. Wang has served as the board of Global Sea Containers Ltd. since May 2020 and SinOceanic since July 2019. He has also served as Chairman of SR Technics, one of the world's leading Maintenance, Repair, and Overhaul (MRO) service providers from June to December 2021 and on the board of Swissport Group from October 2020 to December 2021. Mr. Wang graduated from the China University of Geosciences in 2003 with a Bachelor of Business degree in Business Administration and graduated from the University of Hertfordshire in 2006 with a Master's Degree in Human Resource Management & Employment Relations.
Andy Cronin Chief Executive Officer
Andy Cronin was appointed Avolon’s Chief Executive Officer in July 2022 and is a globally recognised leader within the aviation industry, having held an array of senior roles across the sector for more than 20 years. As part of the founding team and serving as Avolon’s CFO from 2010-2022, Andy has played a central role in building the company to the industry-leading position it holds today. In this role, he has successfully led Finance and Capital Market teams through numerous capital raises, debt issuances, successfully listing Avolon on the NYSE, privatizations and subsequent corporate acquisitions. Prior to joining Avolon, Andy served as SVP Investor Markets at RBS Aviation Capital with responsibility for disposal, financing and debt syndication of operating lease and structured debt products to a wide pool of investors and banking communities. Before working at RBS Aviation Capital, Andy worked in numerous commercial and operational roles at FLS Aerospace.
Kei Kitagawa Non-Executive Director
Kei Kitagawa is a member of the Board of Directors of ORIX Aviation. He also serves as Executive Vice President, Deputy Head of Global Transportation Services Headquarters and Head of Aviation and Investment Group for ORIX Corporation, the sole shareholder of ORIX Aviation. Kei Kitagawa joined ORIX Corporation in April 1998 where he spent 8 years in vender leasing jointly with an American multinational computer technology company. He then moved into the Aviation and Investment Group in March 2006 in a core role pioneering the Japanese Operating Leasing arrangement for ORIX Corporation. Kei Kitagawa was appointed to the Head of Aviation and Investment Group in March 2015 and Deputy Head of Global Transportation Services Headquarters in January 2019. Kei Kitagawa also has responsibility for the Aviation and Investment Group’s business strategies and budgets.
Kei holds a Bachelor Degree in Law and a MBA in Finance from Chuo University, Tokyo.
Shen Yan Non-Executive Director
Shen Yan serves as the Executive Director and the Chief Financial Officer of CWT International Limited (HK00521). Prior to this, Mrs. Yan served as Finance Director of CWT International Limited and also acts as a director on a number of subsidiaries of CWT International Limited since July 2015. Mrs. Yan served as CFO of Hong Kong Airlines Corporate Jet Management Limited from July 2014 to July 2015. From July 2008 to July 2014, Mrs. Yan worked in the Finance Department of HNA Group and a number of its subsidiaries. Mrs. Yan graduated from the Sichuan University in 2008 with a Bachelor Degree in Accounting, and graduated from Peking University in 2020 with a Masters Degree in Business Administration. Mrs. Yan has extensive management knowledge and working experience in accounting, finance, treasury and risk management and has been a member of Association of Chartered Certified Accountants since 2013.
James Meyler Non-Executive Director
James Meyler joined the Board of Avolon in February 2022. James is the Chief Executive Officer of ORIX Aviation Systems Limited and ORIX Aviation Hong Kong with 23 years’ experience in the aviation industry. Prior to this, he held the positions of Deputy Chief Executive and Chief Commercial Officer of ORIX Aviation. James is a Board Director of the company since 2015. James worked with ORIX Aviation from 2002 to 2007 and was Vice President of Acquisitions, New Business and Capital Markets. James spent two years as Managing Director, Head of Marketing and Capital Markets for Aergo Capital Group before returning to ORIX Aviation in 2009. James has also held previous positions as Executive Assistant to Tony Ryan and CFO of TARA Aerospace, along with a senior management role in the aviation team at KBC Aerospace Finance. He holds an Honours Bachelor of Commerce degree in Banking and Finance from University College Dublin. James was previously elected to the Board of Directors of ISTAT for a four-year term from 2015 to 2019 and currently serves as Chairman of the Wings Club Foundation European Chapter.
15 Nov 2023
AVOLON RECEIVES ‘LOW RISK’ SUSTAINALYTICS RATING
ESG risk rating of 16 received in second year of evaluationread more
08 Nov 2023
AVOLON DELIVERS 5 A320neos TO FLYNAS
Avolon has completed the delivery of 5 new Airbus A320neos to Flynas.read more
02 Nov 2023
2023 THIRD QUARTER RESULTS
Avolon delivers 8% increase in lease revenue to US$588 millionread more