Avolon repays remaining Emerald Aviation Finance ABS debt of $407million

Avolon has repaid the outstanding debt of $407 million of its Class A-1 fixed rate asset backed notes and Class B-1 fixed rate asset backed notes associated with its Emerald Aviation Finance aircraft securitisation. The notes will be de-listed from Euronext Dublin (formerly the Irish Stock Exchange). Launched in 2013, Emerald was Avolon’s inaugural aircraft securitisation. The repayment of the Emerald securitisation forms part of Avolon’s commitment to continue to reduce the level of secured debt within its capital structure.