DUBLIN--(BUSINESS WIRE)--Avolon Holdings Limited (‘Avolon’), the international aircraft leasing company, announces that S&P Global Ratings (‘S&P’) has upgraded the rating on its senior unsecured notes to BB+.
S&P has upgraded its issue-level rating on all outstanding senior unsecured notes issued by Avolon’s wholly owned subsidiaries, Avolon Holdings Funding Limited and Park Aerospace Holdings Limited, from BB to BB+ with a stable outlook. S&P maintains its BB+ corporate credit rating on Avolon, with a stable outlook.
ENDS
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 and committed fleet, as of 31 December 2018 of 971 aircraft.
Website: www.avolon.aero
Twitter: @avolon_aero