07 Jul 2022

AVOLON AGREES TRANSACTIONS FOR OVER 100 AIRCRAFT IN THE SECOND QUARTER


Avolon Publishes 2022 Q2 Business Update

Dublin | 7 July 2022: Avolon, the international aircraft leasing company, issues an update for the second quarter of 2022 (‘Q2’).

Q2 FLEET METRICS & BUSINESS HIGHLIGHTS
  • Executed a total of 54 lease transactions in the quarter comprising new aircraft leases, follow-on leases and lease extensions;
  • Entered into Letters of Intent for the sale and leaseback of 13 aircraft and the placement of 31 aircraft from Avolon’s orderbook;
  • Delivered 1 aircraft and transitioned 9 aircraft to follow-on lessees;
  • Sold 2 aircraft during the quarter and entered into binding sale agreements for the sale of 30 owned aircraft;
  • Ended the second quarter with total of 146 airline customers operating in 62 countries;
  • Owned and managed fleet of 591 aircraft at quarter end, with total orders and commitments for 260 fuel-efficient, new technology aircraft;
  • Extended the maturity date of Avolon’s secured recourse revolving credit facility from 2024 to 2027. Post the extension, the total facility size will be $745 million;
  • Received inaugural ESG Rating from Sustainalytics with a score of 16.0 placing Avolon in the ‘Low Risk’ category and the top 5% of our industry grouping; and
  • During the quarter, Fitch affirmed Avolon’s credit rating at BBB- with Stable outlook.

For Further Information Please Contact

Avolon

Ross O' Connor
Head of Capital Markets
+353 1 231 5818
[email protected]

FTI Consulting

Jonathan Neilan
+353 1 765 0886
[email protected]

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