Avolon Managed Fleet Reaches 914 Aircraft in Q3/2019

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

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