Aircraft leasing company Avolon executed 31 lease transactions comprising new aircraft leases, follow-on leases and lease extensions in Q2/23. In addition, the company:

• Entered into letters of intent for the sale and leaseback of 9 aircraft
• Confirmed orders for 40 Boeing 737 MAX aircraft and agreed to order 20 Airbus A330neo aircraft
• Delivered five new aircraft and transitioned 13 aircraft to a total of 10 customers
• Sold three aircraft and executed sale agreements for a further 17 aircraft
• Entered into letters of intent to place 23 aircraft from its orderbook during the quarter
• Added two new customers, giving it a total of 149 airline customers operating in 65 countries
• Ended the quarter with an owned and managed fleet of 578 aircraft, with total orders and commitments for 297 aircraft

During Q2/23, Fitch Ratings improved Avolon’s BBB- rating outlook from stable to positive. In addition, during the quarter, Avolon raised $3.4 billion of debt capital, including:

• • A private offering of $750 million of senior unsecured notes maturing in 2028
  • A $1.7 billion term loan B refinancing with new loan maturing in 2028
  • A letter of intent for a $950 million term financing facility maturing in 2030