March 3, 2015

Avolon announced results for the 2014 fourth quarter and full year

Total revenue increased by US$49m, or 39%, to US$173m for the fourth quarter compared to US$124m for the same period in 2013. Adjusted  net income increased by US$21m, or 74%, to US$49m for the quarter compared to US$28m for same period in 2013. Net income for the fourth quarter was a loss of US$13m reflecting the one-­‐off costs associated with the initial public offering and share-­‐based
compensation charges. Total revenue increased by US$156m, or 35%, to US$606m for 2014 full year compared to US$450m for 2013. Adjusted net income increased by US$54m, or 43%, to US$179m for the full year compared to US$125m for the prior year. Net income for the 2014 full year was US$91m compared to US$113m in 2013.



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