Latest news with #Avolon
Business Wire
07-07-2025
- Business
- Business Wire
Avolon Announces Pricing of US$650 Million Senior Unsecured Notes Offering
DUBLIN--(BUSINESS WIRE)--Avolon Holdings Limited ('Avolon'), a leading global aviation finance company, announces the pricing of a private offering (the 'Offering') by its wholly owned subsidiary, Avolon Holdings Funding Limited, for a principal aggregate amount of US$650 million of 4.900% senior unsecured notes due 2030 (the 'Notes'). The Notes will be fully and unconditionally guaranteed by Avolon, and by certain of its subsidiaries. The Offering is expected to close on or about 10 July 2025, subject to customary closing conditions. Net proceeds from the Offering will be used for general corporate purposes, which may include the future repayment of outstanding indebtedness. The Notes will not be registered under the U.S. Securities Act of 1933, as amended (the 'Securities Act'), or any state securities law and may not be offered or sold in the United States absent registration or an applicable exemption from registration under the Securities Act and applicable state securities laws. The Notes will be offered in the United States only to qualified institutional buyers under Rule 144A of the Securities Act and outside the United States under Regulation S of the Securities Act. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there by any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, qualification, or an exemption under the securities laws of any such jurisdiction. About Avolon Avolon is a leading global aviation finance company connecting capital with customers to drive the transformation of aviation and the economic and social benefits of global travel. We pride ourselves on our deep customer relationships, our collaborative team approach, and our fast execution. We invest with a long-term perspective, diversifying risk and managing capital efficiently to maintain our strong balance sheet. Working with 142 airlines in 60 countries, Avolon has an owned, managed, and committed fleet of 1,076 aircraft, as of 30 June 2025. Note Regarding Forward-Looking Statements This document includes forward-looking statements, beliefs or opinions, including statements with respect to Avolon's business, financial condition, results of operations and plans. These forward-looking statements involve known and unknown risks and uncertainties, many of which are beyond our control and all of which are based on our management's current beliefs and expectations about future events. Forward-looking statements are sometimes identified by the use of forward-looking terminology such as 'believe,' 'expects,' 'may,' 'will,' 'could,' 'should,' 'shall,' 'risk,' 'intends,' 'estimates,' 'aims,' 'plans,' 'predicts,' 'continues,' 'assumes,' 'positioned' or 'anticipates' or the negative thereof, other variations thereon or comparable terminology or by discussions of strategy, plans, objectives, goals, future events or intentions. These forward-looking statements include all matters that are not historical facts, including with respect to the closing of the Offering. Forward-looking statements may and often do differ materially from actual results. No assurance can be given that such future results will be achieved. Avolon does not intend, and undertakes no duty, to update any information contained herein to reflect future events or circumstances, except as required by applicable law.
Associated Press
07-07-2025
- Business
- Associated Press
Avolon Q2 2025 Business Update
DUBLIN--(BUSINESS WIRE)--Jul 7, 2025-- Avolon, a leading global aviation finance company, issues an update for the second quarter ('Q2') of 2025. Q2 Fleet and Financing Highlights About Avolon Avolon is a leading global aviation finance company connecting capital with customers to drive the transformation of aviation and the economic and social benefits of global travel. We pride ourselves on our deep customer relationships, our collaborative team approach, and our fast execution. We invest with a long-term perspective, diversifying risk and managing capital efficiently to maintain our strong balance sheet. Working with 142 airlines in 60 countries, Avolon has an owned, managed, and committed fleet of 1,076 aircraft, as of 30 June 2025. View source version on CONTACT: David Breen / Darragh Crowley Avolon Investor Relations [email protected] T: +353 1 231 5800Douglas Keatinge Avolon Head of Communications [email protected] T: +353 86 037 4163 KEYWORD: EUROPE IRELAND UNITED STATES NORTH AMERICA NEW YORK INDUSTRY KEYWORD: PROFESSIONAL SERVICES AIR TRANSPORT TRANSPORTATION FINANCE TRAVEL BANKING SOURCE: Avolon Copyright Business Wire 2025. PUB: 07/07/2025 02:00 AM/DISC: 07/07/2025 02:00 AM
Business Wire
07-07-2025
- Business
- Business Wire
Avolon Q2 2025 Business Update
DUBLIN--(BUSINESS WIRE)--Avolon, a leading global aviation finance company, issues an update for the second quarter ('Q2') of 2025. Q2 Fleet and Financing Highlights Acquired 15 aircraft, sold 20 aircraft and ended the quarter with 54 aircraft agreed for sale; Placed 26 aircraft from our orderbook, ending the quarter with 98% of our orderbook placed for the next 24 months; Ended the quarter with an owned, managed and committed fleet of 1,076 aircraft, including orders and commitments for 442 fuel-efficient, new technology aircraft; Raised US$2.2 billion in new unsecured bank facilities during the quarter and completed a tender offer for US$1.2 billion of senior unsecured notes due in 2026; and Ratings upgraded by Moody's and Fitch to Baa2 and BBB respectively; and placed on positive outlook by S&P (BBB-). About Avolon Avolon is a leading global aviation finance company connecting capital with customers to drive the transformation of aviation and the economic and social benefits of global travel. We pride ourselves on our deep customer relationships, our collaborative team approach, and our fast execution. We invest with a long-term perspective, diversifying risk and managing capital efficiently to maintain our strong balance sheet. Working with 142 airlines in 60 countries, Avolon has an owned, managed, and committed fleet of 1,076 aircraft, as of 30 June 2025.
Free Malaysia Today
05-07-2025
- Business
- Free Malaysia Today
Malaysia Airlines orders 20 more A330neo jets
Malaysia Airlines is on track to become one of the biggest A330neo operators in Asia-Pacific, with a total of 40 aircraft now on order. PETALING JAYA : Malaysia Aviation Group (MAG) has ordered 20 more Airbus A330neo aircraft, doubling its commitment as part of a long-term plan to modernise its fleet and expand its network across key Asia-Pacific markets. The deal, announced by the parent company of national carrier Malaysia Airlines Bhd, builds on its earlier commitment in 2022 for 20 A330neos – 10 purchased from Airbus and 10 leased from Avolon. This brings the airline's total order to 40 aircraft, making it one of the largest A330neo operators in the region. Deliveries for the latest batch are scheduled to take place between 2029 and 2031. MAG group managing director Izham Ismail said the A330neo remains a key part of the airline's fleet and network strategy. 'With its enhanced fuel efficiency and flexibility across both regional and long-haul routes, the aircraft is a strong fit for our evolving market needs,' he said in a statement today. 'This additional order reinforces our long-term vision of building a future-ready fleet that supports sustainable growth, delivers consistent value to our passengers, and strengthens our competitiveness in key markets.' Malaysia Airlines has so far received four A330neo jets, which are currently flying to destinations like Auckland, Melbourne and Bali. Six more are expected by the end of this year, with the remaining aircraft from the original order set to arrive in stages through 2028. Airbus executive vice-president of sales Benoit de Saint-Exupery said MAG's repeat order was a 'strong vote of confidence'. 'We are proud to further strengthen our relationship with Malaysia Aviation Group as it expands its A330neo fleet,' he said.
Irish Times
30-06-2025
- Business
- Irish Times
AirAsia plans Gulf hub and new European destinations this year, including Dublin
AirAsia plans to open a Gulf hub this year and extend its flight network to a host of European destinations, including Dublin and London's Gatwick airport, as the Malaysian budget airline tries to bounce back from pandemic-era financial troubles. Chief executive Tony Fernandes said he had held talks with government officials from Gulf states at the recent Paris Air Show about setting up a regional hub and was unfazed by the threat of war in the region following the recent conflict between Israel, the US and Iran. 'From there, Europe is [a shorter] distance away,' he told the Financial Times in an interview. 'We can then start looking at those kinds of exciting, longer-haul fares, and start taking people around the world through a one-stop and multi-hop strategy.' AirAsia is emerging from a bruising pandemic, when the Kuala Lumpur-headquartered airline was forced to pull out of several markets and was classified as a distressed company by the Malaysian government. READ MORE Asia's budget carriers are enduring a period of intense competition and rising costs, which could be exacerbated by increased fuel prices resulting from the conflict between Israel and Iran. [ Avolon could lease 100 aircraft made by Vertical to AirAsia Opens in new window ] Last week, the closure was announced of Qantas-owned Jetstar Asia — which has served south-east Asia out of Singapore. Mr Fernandes, who is a former shareholder in Dublin Aerospace, the leading Irish aircraft maintenance company, said increased costs were affecting all airlines and that Jetstar's closure was also to do with some airports deciding they did not want to receive low-cost carriers. 'I think destinations that decide that they're premium are missing out on a big market,' he said. 'We're going back to the Ryanair strategy of looking at alternative airports to serve those markets.' As AirAsia's primary hub, Kuala Lumpur International Airport sits at the centre of more than 160 destinations served by the airline and its subsidiaries. Fernandes said about 8 per cent of its passengers made connecting flights in its network, a figure he would look to grow. 'Airlines such as ours have just been point to point, but a shift [to a network strategy] could be a very, very profitable part of the business for us,' he said. AirAsia has not decided which Gulf airport it will use as a hub, but it has been expanding its connections to the region in recent years. Last month, it announced it would add new routes, connecting Kuala Lumpur to Riyadh and Dammam, as well as increasing flights to Jeddah. Through its long-haul AirAsia X brand, the group briefly operated flights to Gatwick and Stansted in the UK more than a decade ago, along with Paris's Orly airport, but terminated the routes in 2012. Under the new strategy, Fernandes said AirAsia would utilise the Middle Eastern hub later this year to fly to cities across Europe, particularly in eastern Europe, as well as secondary cities such as Cologne, Manchester, Glasgow, and Dublin. Mr Fernandes added that a London flight would be AirAsia's 'only big glamour destination' in Europe. 'Gatwick would be my first choice,' he said. 'One of the things we're trying to do is offer customers a chance to use other low-cost carriers when they arrive, and there's a lot of connectivity at Gatwick.' - Copyright The Financial Times Limited 2025
