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Avolon 2013 First Half Trading Update              


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© Business Wire 2013
2013-07-22 08:02:03 -

Avolon, the international aircraft leasing group, today issues a trading update for the first half of 2013. Avolon has now raised total capital of over US$5.8 billion with a committed fleet of 171 aircraft.



2013 H1 Highlights

- Strong trading performance in first half of 2013; on-track to exceed 2013 full year financial and operating targets.


- Total capital raised now exceeds US$5.8 billion.


- Secured all regulatory approvals and formally launched Avolon Capital Partners (‘ACP’), a US$500m joint-venture with leading US bank, Wells Fargo.


- Extended and re-priced a US$365 million revolving warehouse facility.


- Delivered 9 new aircraft valued at over US$540 million and completed the sale of 6 aircraft to a

number of international investors in the first half.


- Expanded customer base to 36 airlines and lending group to 24 leading financial institutions.



Financial Strength & Industry Franchise

- Avolon retains a strong balance sheet with total capital raised now in excess of US$5.8 billion.


- Launched Avolon Capital Partners (ACP) in joint-venture with Wells Fargo to build a US$500m aircraft portfolio. ACP was recently awarded “Equity Deal of the Year” by Airfinance Journal and expects to take delivery of its first aircraft before the end of July 2013.


- Hosted inaugural Investor Forums in both Japan (Tokyo) and China (Beijing and Shanghai) attended by over 200 executives from leading Asian financial institutions.


- Issued the second in a series of industry “White Papers” which addressed the expected market impact of the transition to new generation Airbus 320neo and Boeing 737MAX single aisle aircraft. A global webcast of the findings attracted participation from over 150 professionals representing 80 institutions worldwide and is available at www.avolon.aero : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww ..
- Issued World Fleet Forecast projecting changes in the global commercial jet fleet for the next 20 years.



Fleet Growth

- Total fleet of 171 aircraft (167 committed and 4 managed); delivered fleet now stands at 96 aircraft.


- Committed fleet now includes Avolon’s first Boeing 787-8 Dreamliner.


- Delivered 9 new aircraft, valued at over US$540 million, including a new B777-300ER to American Airlines, new B737-800s to American Airlines, China Eastern Airlines, Lion Air and TUI Travel; and, two new A320-200s to Avianca.


- Successfully completed the sale of 6 aircraft on long-term leases to a number of international investors.



Global Customer Base & Team

- Avolon now serves 36 customers in 24 countries globally.


- Continued growth in the business is delivered by the strength of the Avolon team which now comprises 50 professionals across 6 offices.

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FTI ConsultingJonathan Neilan+353 1 663 3686 jonathan.neilan@fticonsulting.com : mailto:jonathan.neilan@fticonsulting.com


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Hossam Abdel-Kader
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