Avolon has executed 39 lease transactions in the first quarter of the year. The transactions are made up of new aircraft leases, follow-on leases, and lease extensions. Additionally, the aviation finance company has raised $1.4bn of unsecured debt capital; divided between $1.15bn senior unsecured notes due 2029 and $250 million unsecured term loan due 2026.
The company also delivered nine new aircraft and transitioned three aircraft to a total of seven customers. It sold nine aircraft and entered letters of intent for the sale of a further 17 aircraft. It entered into letters of intent for the sale and leaseback (SLB) of seven aircraft.
Ending the first quarter of the year, Avolon added three new customers, totalling 145 airline customers, as well as owning and managing a fleet of 577 aircraft, and total orders and commitments for 456 new technology aircraft.
Avolon executes 39 lease transactions; raises $1.4bn debt capital in first quarter
