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Name | Symbol | Market | Type |
---|---|---|---|
Orix Corporation | NYSE:IX | NYSE | Depository Receipt |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-1.68 | -1.40% | 117.93 | 117.95 | 117.495 | 117.95 | 2,015 | 15:10:53 |
Avolon, the international aircraft leasing company, issues an update for 2018 fourth quarter (“Q4”) and full year (“FY”).
AVOLON FLEET METRICS | END Q4 2018
Q4 2017
Q4 2018
Change
Owned, managed and committed fleet(aircraft)
908 971 7% Owned and managed fleet (aircraft) 569 561 (1%) Airline Customers 153 150 (2%)Q4 FLEET METRICS & BUSINESS HIGHLIGHTS
Q4 STRATEGIC & FINANCIAL HIGHLIGHTS
2018 FULL YEAR HIGHLIGHTS
Dómhnal Slattery, CEO Avolon, commented: “Avolon enters 2019 following another strong quarter and full year. We now have a portfolio-offering that is focused exclusively on young, modern, new technology and fuel efficient single and twin aisle aircraft types. Our record-setting full year was underpinned by our robust lease and trading activity, where we delivered and transitioned 61 aircraft and sold 87 aircraft. Additionally, our recently announced Airbus order provides us with locked-in growth for the medium-term, helping us support the fleet requirements of our airline customers around the world.
Our business continues to deliver strong results and our financial strength, coupled with our increasingly unencumbered asset base and diversified shareholder base, positions us well to achieve an investment grade rating. We remain excited about the prospects for the business and have confidence that we will continue to deliver value for our shareholders into the future."
ENDS
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 70% owned by an indirect subsidiary of Bohai Leasing Co., Ltd., a Chinese public company listed on the Shenzhen Stock Exchange (SLE: 000415) and 30% owned by ORIX Aviation Systems, a subsidiary of ORIX Corporation, which is listed on the Tokyo and New York Stock Exchanges (TSE: 8591; NYSE: IX). Avolon is the world’s third largest aircraft leasing business with an owned, managed and committed fleet, as of 31 December 2018 of 971 aircraft.
Website: www.avolon.aeroTwitter: @avolon_aero
Note Regarding Forward-Looking Statements This document includes forward-looking statements, beliefs or opinions, including statements with respect to Avolon’s business, financial condition, results of operations 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. Forward-looking statements are sometimes identified by the use of forward-looking terminology such as “believe,” “expects,” “may,” “will,” “could,” “should,” “shall,” “risk,” “intends,” “estimates,” “aims,” “plans,” “predicts,” “continues,” “assumes,” “positioned” or “anticipates” or the negative thereof, other variations thereon or comparable terminology or by discussions of strategy, plans, objectives, goals, future events or intentions. These forward-looking statements include all matters that are not historical facts. Forward-looking statements may and often do differ materially from actual results. No assurance can be given that such future results will be achieved.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190109005416/en/
Ross O’ConnorHead of Investor Relationsroconnor@avolon.aeroT: +353 1 231 5818
Emmet MoloneyHead of Communicationemoloney@avolon.aeroT: +353 1 556 4429
Jonathan NeilanFTI Consultingavolon@fticonsulting.comM: +353 86 231 4135
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