Avolon has reported an $83 million loss for the first quarter (Q1) of 2021 as lease revenue declined to $470million from $644 million a year ago. The leasing company ended the quarter with $7.1bn of total available liquidity, including $2.2bn of unrestricted cash and $4.8bn of undrawn debt facilities. During the period, Avolon raised $1.5bn of senior unsecured notes at historically low coupon rates of 2.125% and 2.75% for 2026 and 2028 maturities respectively; and ended the quarter with a secured debt to total assets ratio of 23%, and $17.4 billion of unencumbered assets. Avolon has an owned and managed

This content is restricted to site members.

If you are an existing user, please login below.
New users may register below.

Existing Users Log In