Avolon is a leading global aviation finance company connecting capital with customers to drive the transformation of aviation and the economic and social benefits of global travel. Working with 142 airlines in 63 countries, Avolon has an owned, managed, and committed fleet of 1,029 aircraft, as of 30 June 2024.
During quarter two of 2024, the company delivered 15 new aircraft and transitioned 10 aircraft to a total of 16 customers. Sold 6 aircraft and entered into letters of intent for the sale of a further 17 aircraft. The company also placed 23 aircraft from its orderbook, and executed 15 lease transactions comprising new aircraft leases, follow-on leases and lease extensions.
Avolon added 4 new customers to its list, giving a total of 142 airline customers operating in 63 countries; and, ended the quarter with an owned and managed fleet of 582 aircraft, with total orders and commitments for 447 fuel-efficient, new technology aircraft.
Financing Highlights included:
Raised US$2.5 billion of unsecured debt capital, comprised of:
US$1.0 billion senior unsecured notes due 2029,
US$1.05 billion unsecured term loans due 2027, and,
US$450 million upsize in unsecured revolved credit facility.
