BOC Aviation leases A320 family jets to JetSMART

BOC Aviation announced it has entered into an agreement with Airbus to purchase two A321NEO and one A320NEO aircraft and has committed these on long-term leases to South American ultra low-cost carrier JetSMART Airlines. All aircraft will be powered by Pratt & Whitney GTF engines and are scheduled for delivery in 2027. “We are excited to celebrate our third transaction with JetSMART. These fuel-efficient A320NEO family aircraft will enable JetSMART to expand its footprint in the growing Latin America market,” said Steven Townend, Chief Executive Officer and Managing Director, BOC Aviation. “With this agreement, we have demonstrated our ability to provide our customers with financing solutions to support their fleet expansion ambitions at multiple points in their growth trajectory.” “This new agreement with BOC Aviation is aligned with our long-term regional growth strategy, which envisions a fleet of 120 aircraft by 2031. It also reinforces our commitment to operating a modern, fuel-efficient, and environmentally responsible fleet across South America. We are pleased to continue strengthening long-term partnerships with leading lessors like BOC Aviation, who share our vision and support us with key milestones of our expansion. The addition of these two A321NEO and one A320NEO aircraft brings us closer to our goal of carrying 100 million passengers by 2028,” said Estuardo Ortiz, Chief Executive Officer and Founder of JetSMART. Avolon prices US$1.25 billion notes offering Avolon, a global aviation finance company, announced the pricing of a private offering (the “Offering”) by its wholly owned subsidiary, Avolon Holdings Funding Limited (“AHFL”), for a principal aggregate amount of US$1.25 billion of 4.950% senior unsecured notes due 2032 (the “Notes”). The Notes will be fully and unconditionally guaranteed by Avolon, and by certain of its subsidiaries. The Offering is expected to close on or about 11 September 2025, subject to customary closing conditions. Net proceeds from the Offering will be used to repurchase debt securities in the previously announced cash tender offers (the “Tender Offers”) by AHFL to purchase certain notes previously issued by AHFL and to pay related expenses. In the event that the Tender Offers are not consummated, or the net proceeds from the Offering are otherwise in excess of the amount needed to repurchase debt securities in the Tender Offers and to pay related expenses, AHFL intends to use the remaining net proceeds for general corporate purposes, which may include the future repayment of outstanding indebtedness. The Notes will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or any state securities law and may not be offered or sold in the United States absent registration or an applicable exemption from registration under the Securities Act and applicable state securities laws. The Notes will be offered in the United States only to qualified institutional buyers under Rule 144A of the Securities Act and outside the United States under Regulation S of the Securities Act. For Editorial Inquiries Contact: Editor Matt Driskill at [email protected] For Advertising Inquiries Contact: Head of Sales Kay Rolland at [email protected]