Dublin | 15 July 2019:

Avolon Holdings Limited (‘Avolon’), the international aircraft leasing company, announces that Kroll Bond Rating Agency (‘KBRA’) has upgraded the rating on its senior unsecured notes to BBB+.

KBRA has upgraded its issue-level rating on all outstanding senior unsecured notes issued by Avolon’s wholly owned subsidiaries, Avolon Holdings Funding Limited and Park Aerospace Holdings Limited, from BBB to BBB+ with a stable outlook. KBRA maintains its BBB+ investment grade issuer rating on Avolon, with a stable outlook.