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All Group media enquiries should be directed to
Vanessa Maydon, Corporate Affairs Director.

Cinven Partners LLP
Warwick Court
Paternoster Square
London EC4M 7AG


Tel: +44 (0)20 7661 3325
Mob: +44 (0)7802 961 902
Email: Vanessa Maydon

Press releases

11 April 2014

2014 Q1 Trading Update

Fleet reaches 202 aircraft – US$7.5bn capital raised

Avolon, the international aircraft leasing group, today issues a trading update for the first quarter of 2014. At the end of the quarter, Avolon’s committed fleet reached 202 aircraft serving 47 customers globally.


  • Committed fleet reached 202 aircraft; up from 167 aircraft at end of Q1 2013.
  • Committed fleet increased by 20 aircraft in Q1 2014 valued at US$1.3 billon at base value.
  • Continued strong momentum during the quarter in placement of forward order book; next availability Q1 2016.
  • Sold 12 aircraft in the past 12 months; 21 aircraft cumulatively in the past 24 months.
  • Expanded customer base to 47 airlines.
  • Sourced US$800 million of debt commitments in Q1 2014 bringing total debt raised to US$6.1 billion.

avolon growth

Financial Strength & Industry Franchise

  • Strong balance sheet and liquidity: total capital raised now US$7.5 billion; an increase of US$2.4 billion compared to end of Q1 2013.
  • US$800 million of additional debt commitments in Q1 2014 including a secured, 8 year US$500 million facility to fund new aircraft deliveries in 2014.
  • Hosted first technical ‘webinar’ for airline customers in March to discuss maintenance management of aircraft on operating lease.

Aircraft Fleet

  • Committed fleet grew by 20 aircraft in Q1 2014 bringing total fleet to 202 aircraft. Net of completed aircraft sales, committed fleet increased by 35 aircraft in past 12 months.
  • Strong momentum during the quarter in placement of forward order book; fully placed until Q1 2016.
  • Avolon maintains the youngest large lessor fleet in the world with an average aircraft age of 2.5 years.

Global Customer Base & Team

  • Avolon’s customer base reached 47 airlines in 27 countries at the end of Q1 2014; an increase of 12 customers on Q1 2013.
  • Consistent performance and growth of the Avolon business has been driven by the strength and experience of the Avolon team which now comprises 55 professionals across 6 offices.