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.


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]
+353 1 231 5818

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

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