S&P Upgrades Avolon’s Senior Unsecured Notes to BB

Senior Unsecured Notes Due 2022 and 2024

DUBLIN & HONG KONG--(BUSINESS WIRE)-- Avolon, the international aircraft leasing company, announces that S&P Global Ratings (“S&P”) has upgraded its issue-level rating on the senior unsecured notes due 2022 and 2024 issued by its wholly owned subsidiary 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.

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 a wholly-owned, indirect subsidiary of Bohai Capital Holding Co., Ltd., a Chinese public company listed on the Shenzhen Stock Exchange (SLE: 000415). Avolon is the world’s third largest aircraft leasing business with a pro-forma owned, managed and committed fleet, as of 30 June, 2017 of 921 aircraft valued at over US$46 billion.

Website: www.avolon.aero

Twitter: @avolon_aero

View source version on businesswire.com: http://www.businesswire.com/news/home/20170914006248/en/

Avolon
Ross O’Connor, +353-1-231-5818
Head of Investor Relations
[email protected]
or
Sean Pattwell, +353-1-556-4454
Head of Communications
[email protected]
or
FTI Consulting
Jonathan Neilan, +353-86-231-4135
[email protected]

Source: Avolon

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