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

D├│mhnal 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.
New customers include:
  • 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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