Dublin | 7 July 2021: Avolon, the international aircraft leasing company, issues an update for the second quarter of 2021 (‘Q2’).

Q2 FLEET METRICS & BUSINESS HIGHLIGHTS

-       Executed a total of 48 lease transactions in the quarter, comprising new aircraft leases, follow-on leases and lease extensions;

-       Sold 3 aircraft, and entered into Letters of Intent for the sale of 12 owned aircraft during the quarter;

-       Delivered a total of 8 new aircraft to 6 customers and transitioned 5 aircraft to follow-on lessees;

-       Ended second quarter with a total of 149 airline customers operating in 62 countries; and

-       Owned and managed fleet of 581 aircraft at quarter end, with total orders and commitments for 256 fuel-efficient, new technology aircraft.

Q2 STRATEGIC & FINANCIAL HIGHLIGHTS

• During the quarter, rating agencies Moody’s and Fitch improved Avolon’s credit outlook to Stable;

• Avolon announced the world’s largest zero emissions eVTOL aircraft order, underscoring Avolon’s commitment to combat climate change;

• Avolon, through its affiliate Avolon-e, is a launch customer for Vertical’s VA-X4 with a commitment for up to 500 electric aircraft valued at $2 billion; and

• Avolon will join Microsoft, Rolls-Royce, Honeywell and American Airlines as equity investors in Vertical.