Avolon (NYSE:AVOL), the international aircraft leasing company,
announces the delivery of one Boeing 737-800 aircraft to Flydubai. This
is Avolon’s sixth aircraft on lease to Flydubai. The delivery was
financed by Arab Banking Corporation (“ABC”).
ENDS
About Avolon
Headquartered in Ireland, with offices in the United States, Dubai,
Singapore and China, Avolon provides aircraft leasing and lease
management services. Avolon has an owned, managed and committed fleet of
251 aircraft serving 51 customers in 29 countries as of March 31, 2015.
Avolon is listed on the New York Stock Exchange, under the ticker symbol
AVOL.
www.avolon.aero
About Arab Banking Corporation
ABC is a leading international bank in the MENA region and provides
innovative wholesale financial products and services that include
corporate banking, trade finance, project and structured finance,
syndications, treasury products and Islamic banking. It also provides
retail banking services through its network of retail banks in the
region. ABC is a leading provider of asset-backed aircraft finance to
airlines and lessors throughout the MENA region.
Forward Looking Statements
This document includes forward-looking statements, beliefs or opinions,
including statements with respect to Avolon’s business and lessee
relationships, and plans. These forward-looking statements involve known
and unknown risks and uncertainties, many of which are beyond our
control and all of which are based on our management’s current beliefs
and expectations about future events. These risks, uncertainties and
assumptions include, but are not limited to, the following: general
economic and financial conditions; the financial condition of our
lessees; lessee defaults and attempts to repossess aircraft; our ability
to successfully re-lease our existing aircraft and lease new aircraft;
our ability to negotiate and enter into profitable leases; periods of
aircraft oversupply during which lease rates and aircraft values
decline; changes in the appraised value of our aircraft; competition
from other aircraft lessors; and the limited number of aircraft and
engine manufacturers. These and other important factors, including those
discussed under “Item 3. Key Information—Risk Factors” included in our
Annual Report on Form 20-F filed with the U.S. Securities and Exchange
Commission on March 3, 2015, may cause our actual events or results to
differ materially from any those expressed or implied by the
forward-looking statements contained in this document. We expressly
disclaim any obligation or undertaking to update these forward-looking
statements contained in this document unless required to do so by
applicable law.
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