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Avolon Orders 100 Airbus A320Neo Family Aircraft Valued at US$11.5 Billion

December 7, 2018

DUBLIN--(BUSINESS WIRE)--Dec 7, 2018--Avolon, the international aircraft leasing company, today announces an order for 100 Airbus A320Neo family aircraft valued at US$11.5 billion at current list prices.

Highlights

Order for 100 aircraft comprising 75 A320neos and 25 A321neos Order valued at US$11.5 billion at current list prices Aircraft scheduled for delivery from 2023 onwards Avolon now Airbus’ largest aircraft lessor backlog customer Avolon’s orderbook with Airbus increases to over 220 single-aisle and 45 twin-aisle aircraft

Dómhnal Slattery, Avolon CEO, commented: “Our order for 100 A320neo family aircraft builds on our leading industry position and reflects our ambition to become the global leader in the sector. We are locking in growth well into the next decade and building on our existing order book of exclusively new technology aircraft. The scale of the order reflects the long-term commitment and strategic perspective of our shareholders.”

“We continue to see robust demand from our customers for the A320neo family. This is consistent with our own market research and global fleet forecast. Our order affirms our belief in the medium-term market outlook and the strong growth prospects for our business.”

Christian Scherer, Airbus Chief Commercial Officer commented: “This order underscores the market appetite for the efficiency, reliability and passenger appeal of our A320neo family.”

“The A320 family of aircraft is a future-proof asset for investors and airlines alike. Avolon’s recent success is a testimony to its leadership’s dedication to our industry. Its commitment to Airbus reflects its profound market insights. I personally look forward to further extending this relationship as we go forward.”

About Avolon 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 Leasing 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 world’s third largest aircraft leasing business with an owned, managed & committed fleet, as of 30 September 2018, of 890 aircraft.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181207005121/en/

CONTACT: Ross O’Connor

Head of Investor Relations

roconnor@avolon.aero

T: +353 1 231 5818

or

Emmet Moloney

Head of Communications

emoloney@avolon.aero

T: +353 1 556 4429

or

Jonathan Neilan

FTI Consulting

avolon@fticonsulting.com

M:+353 86 231 4135Website:www.avolon.aeroTwitter:@avolon_aero

KEYWORD: EUROPE IRELAND

INDUSTRY KEYWORD: TRANSPORT AIR MANUFACTURING AEROSPACE PROFESSIONAL SERVICES OTHER PROFESSIONAL SERVICES

SOURCE: Avolon

Copyright Business Wire 2018.

PUB: 12/07/2018 05:06 AM/DISC: 12/07/2018 05:06 AM

http://www.businesswire.com/news/home/20181207005121/en

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