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26 aircraft leased to nine airlines in Middle East and Asia-Pacific

Avolon expands Middle East and Asian customer base

Avolon, the aircraft leasing group, announces the significant growth of its business interests in the Middle East and Asia-Pacific regions, with the leasing of 26 aircraft to nine leading carriers. It has re-affirmed its positive outlook for the industry within the region and its expected business expansion in the near term.

“Both Asia-Pacific and the Middle East are important markets for us and establishing ourselves as a leading lessor in these regions is one of our core business objectives. We have already made solid progress in developing our portfolio in the region and with in excess of 40% of future aircraft orders destined for this region, it remains a key focus for our team. We see significant opportunity to maintain strong growth in our fleet as we move from our existing committed portfolio to a fleet value of in excess of US$6 billion by 2014.”

“We have established offices in Hong Kong and Shanghai under the leadership of Simon Hanson, Head of Asia-Pacific for Avolon. We expect to open a further office in either the Middle East or the Asia-Pacific region in the next 12 months to build on the success we have had in supporting and partnering with leading carriers in these regions.”

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