Avolon raises total capital of over $5.8bn with a committed fleet of 171 aircraft

Avolon, the international aircraft leasing group, issued a trading update for the first half of 2013. Avolon has now raised total capital of over $5.8bn with a committed fleet of 171 aircraft. Avolon extended and re-priced a $365m revolving warehouse facility and delivered 9 new aircraft valued at over $540m and completed the sale of 6 aircraft to a number of international investors in the first half. The company expanded customer base to 36 airlines and lending group to 24 leading financial institutions.