Avolon’s Credit Rating Outlook Improves to Stable
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Source: Business Wire
DUBLIN--(BUSINESS WIRE)--Avolon, the international aircraft leasing company, issues an update for the second quarter of 2021 (‘Q2’).Q2 FLEET METRICS & BUSINESS HIGHLIGHTSExecuted a total of 48 lease transactions in the quarter, comprising new aircraft leases, follow-on leases and lease extensions;Sold 3 aircraft, and entered into Letters of Intent for the sale of 12 owned aircraft during the quarter;Delivered a total of 8 new aircraft to 6 customers and transitioned 5 aircraft to follow-on lessees;Ended second quarter with a total of 149 airline customers operating in 62 countries; andOwned and managed fleet of 581 aircraft at quarter end, with total orders and commitments for 256 fuel-efficient, new technology aircraft.Q2 STRATEGIC & FINANCIAL HIGHLIGHTS During the quarter, rating agencies Moody’s and Fitch improved Avolon’s credit outlook to Stable;Avolon announced the world’s largest zero emissions eVTOL aircraft order, underscoring Avolon’s commitment to combat climate change;
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