Dublin based Avolon, and fourth largest aircraft leasing company in the world, has released its Q2 Fleet and Financing Highlights. During the quarter, the company acquired 15 aircraft, sold 20 aircraft and ended the quarter with 54 aircraft agreed for sale. It placed 26 aircraft from their orderbook, ending the quarter with 98% of their orderbook placed for the next 24 months
Avolon ended the quarter with an owned, managed and committed fleet of 1,076 aircraft, including orders and commitments for 442 fuel-efficient, new technology aircraft. They raised US$2.2 billion in new unsecured bank facilities during the quarter and completed a tender offer for US$1.2 billion of senior unsecured notes due in 2026. The company also received ratings upgrades by Moody’s and Fitch to Baa2 and BBB, respectively and was placed on positive outlook by S&P (BBB-).
