Avolon delivers its first Airbus A320neo aircraft

Delivery of A320neo to IndiGo

Avolon (NYSE:AVOL), the international aircraft leasing company, announces the delivery of its first Airbus A320neo aircraft. The aircraft is the first of a number of A320neo sale and leasebacks contracted with IndiGo and brings the number of aircraft leased by Avolon to IndiGo to 21.

Avolon’s future commitment to new technology aircraft includes a further 99 Airbus A320neo family aircraft, 20 Boeing 737 MAX aircraft, 12 Boeing 787-9 aircraft and 15 Airbus A330neo aircraft for which Avolon is a launch customer. At the end of March 2016, Avolon had a total fleet of 402 aircraft including 223 owned and managed aircraft; and 179 aircraft on order.

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 Capital. 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 Capital and HNA Group is the world’s fourth largest aircraft leasing business by asset value. See www.avolon.aero

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