Avolon fleet exceeds 100 aircraft in Q1 2012

In its first quarter 2012 update, aircraft lessor Avolon has announced that its fleet now exceeds 100 aircraft and that total capital raised has reached US$4.6 billion. Avolon’s committed capital now stands at US$4.6 billion (US$1.4 bn equity and US$3.2 bn debt). Avolon’s aircraft portfolio has increased to 103 aircraft and the lessor secured $300 million equity commitment from GIC, one of the world’s leading sovereign wealth funds. Avolon also secured its first commitment from the Export- Import Bank of the United States to guarantee the financing of four aircraft delivering in 2012. Avolon secured its second commitment from the