Avolon announces successful closing of US$636m aircraft securitisation

Avolon, the international aircraft leasing group, announced the closing of the US$636 million Asset Backed Securitisation (“ABS”) for Emerald Aviation Finance Limited. On September 26, 2013 Avolon announced that Emerald, a newly established special purpose company, had priced a total of US$636 million of Fixed Rate Asset Backed Notes (the “Issue”). The net proceeds of the Issue are being used to acquire 20 aircraft from Avolon.