Avolon, the international aircraft leasing company, announces that Moodys Investors Service (Moodys) has upgraded Avolons corporate family credit rating to Ba1 with a stable outlook.
Moodys has now upgraded Avolons corporate credit rating twice since its initial corporate family rating was issued in January 2017.
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 Capital Holding 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 30 September 2018, of 890 aircraft.
Website: www.avolon.aero Twitter: @avolon_aero
Ross O’Connor, +353 1 231 5818
Head of Investor
Moloney, +353 1 556 4429
Head of Communications
Mobile: +353 86 231 4135