07 Jul 2021

AVOLON’S CREDIT RATING OUTLOOK IMPROVES TO STABLE


Avolon Q2 Update

Dublin | 7 July 2021: Avolon, the international aircraft leasing company, issues an update for the second quarter of 2021 (‘Q2’).

Q2 FLEET METRICS & BUSINESS HIGHLIGHTS

Executed a total of 48 lease transactions in the quarter, comprising new aircraft leases, follow-on leases and lease extensions;

 

Sold 3 aircraft, and entered into Letters of Intent for the sale of 12 owned aircraft during the quarter;

 

Delivered a total of 8 new aircraft to 6 customers and transitioned 5 aircraft to follow-on lessees;

 

Ended second quarter with a total of 149 airline customers operating in 62 countries; and 

 

Owned and managed fleet of 581 aircraft at quarter end, with total orders and commitments for 256 fuel-efficient, new technology aircraft.

 

 

Q2 STRATEGIC & FINANCIAL HIGHLIGHTS

 

During the quarter, rating agencies Moody’s and Fitch improved Avolon’s credit outlook to Stable;

Avolon announced the world’s largest zero emissions eVTOL aircraft order, underscoring Avolon’s commitment to combat climate change;

Avolon, through its affiliate Avolon-e, is a launch customer for Vertical’s VA-X4 with a commitment for up to 500 electric aircraft valued at $2 billion; and

 

Avolon will join Microsoft, Rolls-Royce, Honeywell and American Airlines as equity investors in Vertical.

For Further Information Please Contact

Avolon

Emmet Moloney
Head of Communications and Branding
+353 1 556 4429
[email protected]

Avolon

Ross O' Connor
Head of Investor Relations
+353 1 231 5818
[email protected]

FTI Consulting

Jonathan Neilan
+353 1 765 0886
[email protected]

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