Avolon Aerospace Leasing, the international aircraft lessor, announces that Emerald Aviation Finance Limited (the ’Issuer’), a newly established special purpose company, priced a total of US$636,210,000 of Fixed Rate Asset Backed Notes (the ‘Issue’), the proceeds of which will be used by the Issuer to acquire a fleet of 20 aircraft (the ‘Initial Aircraft’) from Avolon or certain of its affiliates. Avolon expects to use the net proceeds of the sale of the Initial Aircraft to refinance existing debt. The Issue will comprise US$546,000,000 of 4.65% Class A-1 Fixed Rate Asset Backed Notes and US$90,210,000 of 6.35% Class B-1 Fixed Rate Asset Backed Notes (together, the ‘Initial Notes’). Avolon will acquire the junior Class E Note issued by the Issuer. The transaction is expected to close on or about 16 October 2013. As of 15 September, 2013, the Initial Aircraft were leased to 15 lessees based in 14 countries. The Initial Aircraft will comprise a mix of narrowbody, widebody and regional jets with an average age of 3.07 years. Avolon will act as servicer with respect to the Initial Aircraft and any additional aircraft acquired by the Issuer.