Avolon Upgraded by Fitch Ratings to BB+ with a Positive Outlook

Avolon Holdings Limited (˜Avolon), the international aircraft leasing company, announces that Fitch Ratings (˜Fitch) has upgraded both its issuer and senior unsecured notes ratings to BB+ with a positive outlook.

Fitch has upgraded its Avolon issuer rating from BB to BB+ with a positive outlook. Fitch has also upgraded its issue-level rating on all outstanding senior unsecured notes issued by Avolons wholly owned subsidiaries, Avolon Holdings Funding Limited and Park Aerospace Holdings Limited, from BB to BB+ with a positive outlook.

ENDS

About Avolon

Headquartered in Ireland, with offices in the United States, Dubai, Singapore, Hong Kong and Shanghai, Avolon provides aircraft leasing and lease management services. Avolon is 70% owned by an indirect subsidiary of Bohai Leasing Co., Ltd., a Chinese public company listed on the Shenzhen Stock Exchange (SLE: 000415) and 30% owned by ORIX Aviation Systems, a subsidiary of ORIX Corporation, which is listed on the Tokyo and New York Stock Exchanges (TSE: 8591; NYSE: IX). Avolon is the worlds third largest aircraft leasing business with an owned, managed and committed fleet, as of 31 December 2018 of 971 aircraft.

Website: www.avolon.aero Twitter: @avolon_aero

Ross O’Connor
Head of Investor Relations
[email protected]
T:
+353 1 231 5818

Emmet Moloney
Head of Communication
[email protected]
T:
+353 1 556 4429

Jonathan Neilan
FTI Consulting
[email protected]
M:
+353 86 231 4135