Total fleet of 402 aircraft
Capitalised to accelerate growth in 2016 and beyond
Avolon, the international aircraft leasing company, today issues an
update for the first quarter of 2016 (‘Q1’). Following its acquisition
by Bohai Leasing in early January 2016, Avolon’s total owned, managed
and committed fleet at 31 March, 2016 was 402 aircraft.
Avolon is the core aircraft leasing brand for Bohai Leasing and its
parent, HNA Group. Together with HNA Group and Bohai’s other aircraft
leasing interests, Avolon is the world’s fourth largest aircraft leasing
business by asset value.
Avolon has significant financial capacity to build on this position.
Bohai secured US$1.2 billion of additional equity for its aircraft
leasing business during 2016 bringing total available liquidity to US$3
billion for Avolon to accelerate growth in the year and beyond.
2016 Q1 Highlights
Business Activity
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Delivered 7 aircraft to 5 customers in Q1; committed fleet now stands
at 179 aircraft.
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16 aircraft sold in Q1 with letters of intent in place for 4 further
aircraft disposals in 2016.
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Total customer base now comprises 67 airlines in 37 countries.
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Awarded Finance Dublin’s ‘Deal of the Year’ for Avolon’s US$7.6
billion merger with Bohai Leasing.
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Published new discussion paper - Values and Valuers - which
explores the business of aircraft appraisal and valuation in the
aviation industry.
Fleet Metrics
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Delivered (owned and managed) fleet of 223 aircraft in Q1 increased by
60% on Q1 2015.
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Avolon’s owned, managed and committed fleet increased by 56% on Q1
2015 to 402 aircraft.
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Owned fleet average age of 3.3 years and an average lease term
remaining of 7.1 years at the end of Q1 2016.
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Q1
2015
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Q1
2016
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Change
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Owned, managed
& committed fleet (aircraft)
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251
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402
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+60%
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Owned & managed fleet (aircraft)
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143
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223
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+56%
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Airline Customers
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51
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67
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+31%
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About Avolon
Headquartered in Ireland, with offices in the United States, Dubai,
Singapore, Hong Kong and Shanghai, Avolon provides aircraft leasing and
lease management services. Avolon is a wholly-owned, indirect subsidiary
of Bohai Leasing, a Chinese public company listed on the Shenzhen Stock
Exchange. As of 31 March, 2016, Avolon’s owned, managed and committed
fleet, comprised 402 aircraft with an average owned aircraft age of 3.3
years. Together, Avolon, Bohai Leasing and HNA Group is the world’s
fourth largest aircraft leasing business by asset value. See www.avolon.aero.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160428007069/en/
Copyright Business Wire 2016