Avolon sustains strong performance as fleet increases to over 400 aircraft

Avolon, the international aircraft leasing company, issued an update for the first quarter of 2016 (‘Q1’). Following its acquisition by Bohai Capital in early January 2016, Avolon’s total owned, managed and committed fleet at 31 March, 2016 was 402 aircraft. Avolon is the core aircraft leasing brand for Bohai Capital and its parent, HNA Group. Together with HNA Group and Bohai’s other aircraft leasing interests, Avolon is the world’s fourth largest aircraft leasing business by asset value. Avolon has significant financial capacity to build on this position. Bohai secured US$1.2bn of additional equity for its aircraft leasing business during 2016 bringing total available liquidity to US$3 bn for Avolon to accelerate growth in the year and beyond.