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Avolon raises $1.4 billion
20 May 2010
The new Ireland-based lessor, Avolon, has completed a $1.4 billion capital raise which will be used to purchase narrowbodies.
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Avolon
Cinven
CVC Capital Partners
Oak Hill Capital Partners
UBS
DVB Bank
Avolon, the aircraft leasing group headquartered in Ireland, has completed a $1.4 billion capital raise, comprised of both equity and debt. The lessor will use the capital for the sale/leasebacks and letters of intent of 26 narrowbodies, primarily Airbus A320 and Boeing 737 Next Generation aircraft.
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