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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
Fleet Metrics
Q12015
Q12016
ChangeOwned, managed& committed fleet (aircraft)
251 402 +60%Owned & managed fleet (aircraft)
143 223 +56%Airline Customers
51 67 +31%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/
AvolonJonathan NeilanT: +353 1 663 3686M: +353 86 231 4135avolon@fticonsulting.comorJennifer PetersT: +353 1 663 3684M:+353 87 178 7021avolon@fticonsulting.com
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