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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 : ..
- 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 :

Hossam Abdel-Kader
Phone: +43 1 9582319

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