DUBLIN--(BUSINESS WIRE)--Avolon, the international aircraft leasing company, announces that Moody’s Investors Service (“Moody’s”) has upgraded Avolon’s corporate family credit rating to Ba1 with a stable outlook.
Moody’s has now upgraded Avolon’s corporate credit rating twice since its initial corporate family rating was issued in January 2017.
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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 Capital Holding 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 30 September 2018, of 890 aircraft.
Website: www.avolon.aero Twitter: @avolon_aero