07 Oct 2019

Avolon Q3 Update


Avolon publishes 2019 Q3 update

Avolon Q3 Update



Dublin | 7 October, 2019: Avolon, the international aircraft leasing company, issues an update for the third quarter of 2019 (‘Q3’).

AVOLON’S OWNED, MANAGED & COMMITTED FLEET INCREASES TO 914 AIRCRAFT

Q3 FLEET METRICS & BUSINESS HIGHLIGHTS

  • Owned, managed and committed fleet of 914 at end of Q3, an increase of 3% from Q3 2018;
  • Owned and managed fleet of 527 aircraft at end of Q3, with total orders and commitments for 387 new technology aircraft;
  • Executed a total of 21 lease transactions in the quarter comprising of new aircraft leases, follow-on leases and lease extensions;
  • Delivered a total of 8 new aircraft to 5 customers and transitioned 4 aircraft to follow-on lessees;
  • Sold 10 aircraft during the quarter, 3 of which were managed, and also disposed of 1 additional managed aircraft constituting an insured total loss;
  • Total of 152 airline customers operating in 61 countries.

Q3 STRATEGIC & FINANCIAL HIGHLIGHTS

  • Upsized our unsecured revolving credit facility by US$225 million, bringing the total facility size to over US$3 billion, an increase of $1.24 billion, or 69% of total size since Q3 2018;
  • Extended the maturity of our unsecured revolving credit facility by 21 months to April 2024 and reduced the facility margin, based on Avolon’s investment grade corporate ratings profile

For Further Information Please Contact

Avolon

Emmet Moloney
Head of Communications and Branding
+353 1 556 4429
emoloney@avolon.aero

Avolon

Ross O' Connor
Head of Investor Relations
+353 1 231 5818
roconnor@avolon.aero

FTI Consulting

Jonathan Neilan
+353 1 765 0886
avolon@fticonsulting.com

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