Avolon Q1 Business Update By Investing.com

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DUBLIN–(BUSINESS WIRE)–Avolon, a leading global financial services company, has released an update for the first quarter (˜Q1′) of 2024.

Q1 Fleet Metrics

  • Executed 39 leases consisting of new aircraft leases, follow-on leases and lease extensions;
  • Delivered 9 new aircraft and 3 replacement aircraft to 7 customers;
  • Sold 9 aircraft and wrote letters of intent to sell 17 other aircraft;
  • Entered into letters seeking to sell and lease 7 aircraft;
  • Added 3 new customers, providing a total of 145 customers with flights to 64 countries; and,
  • He ended the quarter with a fleet of 577 aircraft, with total orders and commitments for 456 fuel-efficient, new technology aircraft.

Q1 Financing Highlights

  • Raised $1.4 billion in unsecured debt, with:
    • US $ 1.15 billion adults are not protected due to 2029, and
    • Unsecured debt of US$ 250 million due 2026.

About Avolon

Avolon is a leading global financial services company connecting capital and customers to advance aviation innovation and the economic and cultural benefits of international transportation. We pride ourselves on our deep customer relationships, our team-oriented approach, and our quick turnaround. We invest with a long-term perspective, diversifying risk and managing investments to keep our investments strong. Operating with 145 airlines in 64 countries, Avolon owns, operates, and volunteers 1,033 aircraft, as of 31 March 2024. www.avolon.aero

David Breen / Joe Brennan
Avolon Investor Relations
ir@avolon.aero
T: +353 1 231 5800

Douglas Keatinge
Avolon Head of Communications
dkeatinge@avolon.aero
T: +353 86 037 4163

Source: Avolon

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