In Q2/22, Avolon, an international aircraft leasing company, executed a total of 54 lease transactions consisting of new aircraft leases, follow-on leases and lease extensions. The company also entered letters of intent for the sale and leaseback of 13 aircraft and the placement of 31 aircraft, delivered one aircraft, transitioned nine aircraft to follow-on lessees, sold two aircraft and entered into binding sale agreements for the sale of 30 owned aircraft.

At the end of the quarter, Avolon had a total of 146 airline customers operating in 62 countries and an owned and managed fleet of 591 aircraft with total orders and commitments for 260 aircraft.

During the quarter, Avolon extended the maturity date of its secured recourse revolving credit facility from 2024 to 2027. After the extension, the total facility size became $745 million. Avolon also received its inaugural ESG rating from Sustainalytics with a score of 16.0, placing Avolon in the ‘low risk’ category and the top 5% of its industry grouping. Lastly, during the quarter, Fitch affirmed Avolon’s credit rating at BBB- with a stable outlook.