渤海租赁股份有限公司

Core Viewpoint - Avolon Holdings Limited, a subsidiary of Bohai Leasing Co., Ltd., has disclosed its key operational data for Q4 and the full year of 2025, highlighting significant growth in fleet size and operational achievements [1] Group 1: Operational Data - As of the end of 2025, Avolon’s fleet consisted of 1,132 aircraft, including 596 owned aircraft, 36 managed aircraft, and 500 on order, serving 139 airline customers across 61 countries [1] - In 2025, Avolon received a total of 168 aircraft, with 21 aircraft received in Q4 [1] - Avolon completed the sale of 95 aircraft in 2025, with 26 sales occurring in Q4, and the average age of sold aircraft was approximately 10 years [1] - There are 72 aircraft that have been agreed for sale but have not yet been delivered as of the end of 2025 [1] - Avolon secured lease agreements for 59 new technology aircraft in 2025, with 10 agreements finalized in Q4 [1] Group 2: Ratings and Orders - In May 2025, Avolon’s credit ratings were upgraded by Fitch from "BBB-" to "BBB" and by Moody's from "Baa3" to "Baa2," with stable outlooks from both agencies; S&P also revised Avolon's rating outlook to "positive" [1] - In July 2025, Avolon placed an order with Airbus for 90 aircraft, including 75 A321NEO and 15 A330NEO, scheduled for delivery by the end of 2033 [1]