International aircraft leasing company Avolon announced that at the end of the first quarter of 2014, the company’s committed fleet reached 202 aircraft serving 47 customers globally.

Highlights from the news release:

• Committed fleet reached 202 aircraft; up from 167 aircraft at end of Q1 2013.
• Committed fleet increased by 20 aircraft in Q1 2014 valued at $1.3 billion at base value.
• Sold 12 aircraft in the past 12 months; 21 aircraft cumulatively in the past 24 months.
• Sourced $800 million of debt commitments in Q1 2014 bringing total debt raised to $6.1 billion.
• Avolon maintains the youngest large lessor fleet in the world with an average aircraft age of 2.5 years.

Ireland-based Avolon provides aircraft leasing and lease management services and has offices in Stamford, CT, Hong Kong, Shanghai, Singapore and Dubai.