Dublin & Hong Kong | 14 September, 2017: 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.