AVOLON’S CREDIT RATING OUTLOOK IMPROVES TO STABLE
Dublin | 7 July 2021: Bohai Leasing´s holding subsidiary Avolon, the international aircraft leasing company, issues an update for the second quarter of 2021 (‘Q2’).
Q2 FLEET METRICS & BUSINESS HIGHLIGHTS
Executed a total of 48 lease transactions in the quarter, comprising new aircraft leases, follow-on leases and lease extensions;
Sold 3 aircraft, and entered into Letters of Intent for the sale of 12 owned aircraft during the quarter;
Delivered a total of 8 new aircraft to 6 customers and transitioned 5 aircraft to follow-on lessees;
Ended second quarter with a total of 149 airline customers operating in 62 countries; and- Owned and managed fleet of 581 aircraft at quarter end, with total orders and commitments for 256 fuel-efficient, new technology aircraft.
Q2 STRATEGIC & FINANCIAL HIGHLIGHTS
During the quarter, rating agencies Moody’s and Fitch improved Avolon’s credit outlook to
Stable.
About Avolon
Headquartered in Ireland, with offices in the United States, Dubai, Singapore, Hong Kong and Shanghai, Avolon provides aircraft leasing and lease management services. Avolon is 70% owned by an indirect subsidiary of Bohai Leasing Co., Ltd., a public company listed on the Shenzhen Stock Exchange (SLE: 000415) and 30% owned by ORIX Aviation Systems, a subsidiary of ORIX Corporation which is listed on the Tokyo and New York Stock Exchanges (TSE: 8591; NYSE: IX). Avolon is the world’s third largest aircraft leasing business with an owned, managed and committed fleet, as of 30 June 2021 of 837 aircraft.
