International aircraft lessor Avolon released an update for the third quarter of 2019, which included increasing its owned, managed and committed fleet to 914 aircraft.

Other Q3 business highlights included:

• A fleet increase of 3% from Q3 2018
• An owned and managed fleet of 527 aircraft at end of Q3, with total orders and commitments for
  387 new technology aircraft
• A total of 21 executed lease transactions comprising of new aircraft leases, follow-on leases and lease extensions
• A total of 8 new aircraft delivered to 5 customers and 4 aircraft transitioned to follow-on lessees
• Ten aircraft sold, 3 of which were managed, and one additional managed aircraft disposed of, constituting an insured total loss
• A total of 152 airline customers operating in 61 countries.

Q3 strategic & financial highlights included:

• An upsize to the company’s unsecured revolving credit facility by $225 million, bringing the total facility size to over $3 billion, an increase of $1.24 billion, or 69% of total size since Q3 2018
• An extension to the maturity of the revolver by 21 months to April 2024 and a reduction to the facility margin, based on Avolon’s investment grade corporate ratings profile