Avolon fleet reaches 179 aircraft

Avolon, the international aircraft-leasing group, issued a trading update for the third quarter of 2013. At the end of the period, Avolon’s committed fleet reached 179 aircraft serving 37 customers in 24 countries. Avolon also recently announced the pricing of US$636m of Fixed Rate Asset Backed Notes by Emerald Aviation Finance Limited which will use the proceeds to acquire 20 aircraft from Avolon. Total committed fleet increased from 171 to 179 aircraft, total aircraft delivered and under management now exceed US$6bn, secured commitments for an incremental US$1.1bn of debt capital.