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