Avolon, the international aircraft leasing company, issued an update for the third quarter of 2015 (‘Q3’). Avolon delivered eight aircraft in Q3 valued at US$346m and sold seven aircraft during Q3. Avolon’s total owned, managed and committed fleet at September 30th, 2015 was 258 aircraft, an increase of 14% year-on-year. Business activity: Avolon committed to lease five Boeing 787-9 aircraft to Hainan Airlines in a transaction valued at US$1.3bn at current list prices delivering in 2016 and 2017, subject to completion of the merger agreement with Bohai Leasing Co. The company replaced three existing US$125m secured debt facilities at a margin of 200bps with an availability period until 2017 with a single US$525m unsecured debt facility at a margin of 175bps with an availability period until 2019. Avolon’s total fleet commitments for delivery in 2016 now stand at 29 aircraft.
Learn more on how AviTrader can expand your market
Please contact
Tamar Jorssen
Vice President Sales & Marketing
+1.778.213.8543
[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada
[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada