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Monday, October 22, 2012
Avolon fleet exceeds 160 aircraft
Total Capital Raised reaches US billion
Avolon, the international aircraft leasing group,
today issues a trading update announcing that its fleet now exceeds 160 aircraft
and that total capital raised has reached US billion.
Highlights | April to September 2012
- Delivered 24 aircraft, valued at over US.1 billion to twelve customers across the globe including seven new customers
- Announced an order for 15 Airbus A320 neo and 20 Boeing 737 MAX aircraft - Avolon is one of the first major lessors to secure attractive early delivery slots in the launch phase of both of these highly fuel-efficient new technology aircraft.
- Delivered the first four of its direct order Boeing 737-800 NG aircraft and announced a further order for 10 737-800 NGs to support Avolon’s near-term growth plans.
- Successfully completed the sale of two aircraft on long-term leases to two new investor clients
- Total committed fleet has increased to 164 aircraft (160 owned and 4 managed).
- Secured financing commitments from three new lending banks – Avolon now has a global lending group of 22 institutions.
- Committed capital now stands at US.0 billion (US.4 billion equity and US.6 billion debt).
- Strengthened the Avolon team with 5 new hires bringing its total team to 42 people across 6 offices globally
Dómhnal Slattery, Avolon CEO, commented:
“Our progress in building a leading global
aircraft leasing platform continues to accelerate. In the two and a half years
since launch we have built the world’s youngest lessor fleet comprising over 160
young, fuel-efficient aircraft, including an order for 35 new technology Airbus
A320 neo and Boeing 737 MAX aircraft. Alongside our recent new order activity we
have continued to remain very active in the sale and lease-back market; in the
third quarter alone we underwrote over US0 million of new aircraft financing for
carriers in the United States, Europe and Asia covering single-aisle and
twin-aisle aircraft that will deliver later this year and in 2013”.
“This impressive growth has been built on the
back of our robust capital position and the continued strong support of our
owners and lenders. We continue to see attractive investment opportunities for
well-capitalised lessors with the global reach and execution capability to
capture them. We remain firmly on track to build Avolon into one of the world’s
leading aircraft leasing businesses.”
Delivered to Japan Airlines June 2012
Avolon Fleet
Avolon Aircraft Portfolio Developments
Avolon’s fleet has reached 164 aircraft comprising 160 owned and 4 managed aircraft.
- Fleet age of 1.7 years is the youngest large lessor fleet in the world.
- Avolon delivered 24 aircraft to 12 customers including seven new customers around the globe.
- Azul Linhas Aereas Brasileiras (Brazil)
- China Eastern (China)
- Japan Airlines (Japan)
- Jet Airways (India)
- KLM Cityhopper (Netherlands)
- TAM Linhas Aereas (Brazil)
- US Airways (USA)
- Avolon’s delivered fleet now stands at 87 aircraft
In June, Avolon celebrated the delivery of its first Boeing 737-800 NG direct to JAL Express. This was followed by two further units for JAL Express and a new delivery to China Eastern Airlines.
Avolon completed its first aircraft sales with the successful delivery of two aircraft on long-term leases to two new investor clients.
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