Avolon: 2019 Full Year Results
DUBLIN--(BUSINESS WIRE)--Feb 12, 2020--
Avolon, the international aircraft leasing company, announces results for the 2019 full year.
2019 | FINANCIAL HIGHLIGHTS
Total Available Liquidity
Secured Debt / Total Assets
Net Debt to Equity
2019 | OPERATING HIGHLIGHTS
2019 | STRATEGIC HIGHLIGHTS
Dómhnal Slattery, Avolon CEO, commented:“2019 was another year of strong financial performance for our business, where we achieved a major corporate milestone with our upgrade to investment grade. We built on this achievement by delivering net profit of US$718 million, the highest net income in any year in Avolon’s history.
Looking ahead, the continued spread of the coronavirus creates an uncertain backdrop for our airline customers. However, in previous periods of dislocation air traffic has proven to be resilient. We have multi-cycle experience, a proven management team and a strong investment grade balance sheet. It is in an environment of uncertainty where this experience matters most.”
Avolon will also publish its 2019 Annual Report today at 01.00pm and it can accessed here: https://www.avolon.aero/newsroom-and-thoughts
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 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 2019 of 925 aircraft.
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PUB: 02/12/2020 02:00 AM/DISC: 02/12/2020 02:00 AM