DUBLIN–(BUSINESS WIRE)–Avolon, a leading global aviation finance company, releases an update for the first quarter (˜Q1′) of 2024.
Fleet Metrics Q1
- Executed 39 leasing transactions including new aircraft leases, follow-on leases and lease extensions;
- Delivered 9 new aircraft and transferred 3 aircraft to a total of 7 customers;
- Sold 9 aircraft and signed letters of intent for the sale of a further 17 aircraft;
- Signed letters of intent for the sale and leaseback of 7 aircraft;
- Added 3 new customers, for a total of 145 airline customers operating in 64 countries; AND,
- It ended the quarter with an owned and operated fleet of 577 aircraft, with total orders and commitments for 456 fuel-efficient new technology aircraft.
First Quarter Funding Highlights
- Raised $1.4 billion in unsecured debt capital, consisting of:
- $1.15 billion in senior unsecured notes due 2029 and
- $250 million unsecured term loan due 2026.
About Avolon
Avolon is a leading global aviation finance company connecting capital with customers to drive aviation transformation and the economic and social benefits of global travel. We pride ourselves on our deep client relationships, our collaborative team approach, and our rapid execution. We invest with a long-term perspective, diversifying risk and managing capital efficiently to maintain our strong balance sheet. Partnering with 145 airlines in 64 countries, Avolon has an owned, operated and committed fleet of 1,033 aircraft, as of March 31, 2024. www.avolon.aero
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David Breen/Joe Brennan
Avolon Investor Relations
ir@avolon.aero
T: +353 1 231 5800
Douglas Keatinge
Avolon Communications Manager
dkeatinge@avolon.aero
T: +353 86 037 4163
Source: Avolon