Avolon Q1 trading update

Avolon’s committed fleet reached 202 aircraft serving 47 customers globally at the end of the first quarter of 2014 from 167 aircraft at end of Q1 2013. The lessor has sold 12 aircraft in the past 12 months; 21 aircraft cumulatively in the past 24 months and has expanded its customer base to 47 airlines. Avolon sourced US$800 million of debt commitments in Q1 2014 bringing total debt raised to US$6.1 billion. During Q1, Avolon secured an eight-year US$500 million facility to fund new aircraft deliveries in 2014. Avolon’s team now comprises 55 professionals across six offices.