04 Jul 2024

AVOLON Q2 BUSINESS UPDATE


Placed 23 aircraft from orderbook during the quarter

Dublin | 4 July 2024: Avolon, a leading global aviation finance company, issues an update for the second quarter (‘Q2’) of 2024.


Q2 Fleet Metrics
  • Delivered 15 new aircraft and transitioned 10 aircraft to a total of 16 customers;
  • Sold 6 aircraft and entered into letters of intent for the sale of a further 17 aircraft;
  • Placed 23 aircraft from our orderbook;
  • Executed 15 lease transactions comprising new aircraft leases, follow-on leases and lease extensions;
  • Added 4 new customers, giving a total of 142 airline customers operating in 63 countries; and,
  • Ended the quarter with an owned and managed fleet of 582 aircraft, with total orders and commitments for 447 fuel-efficient, new technology aircraft.
Q2 Financing Highlights
  • Raised US$2.5 billion of unsecured debt capital, comprised of:
    • US$1.0 billion senior unsecured notes due 2029,
    • US$1.05 billion unsecured term loans due 2027, and,
    • US$450 million upsize in unsecured revolved credit facility.

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

PREVIOUS ARTICLE
AVOLON RAISES US$750 MILLION IN NEW UNSECURED BANK FACILITY
READ MORE