MARCH 23RD, 2015

Avolon delivers its first Boeing 787-9 to Virgin Atlantic

Dublin | March 23, 2015: Avolon (NYSE: AVOL), the international aircraft leasing company, today announces the delivery of its first Boeing 787-9 to Virgin Atlantic. Today’s delivery is the first of four B787-9 aircraft scheduled for delivery to Virgin Atlantic by Avolon.

Dómhnal Slattery, Chief Executive Officer, Avolon commented:

“Our latest delivery to Virgin Atlantic represents a milestone for both Avolon and Virgin. It is our first delivery of a Boeing 787-9, of which we have a further nine in our committed fleet. At Avolon our objective is to play a significant role in financing the next generation of young, modern and fuel efficient aircraft for our global airline customer base. We believe the B787-9 is the perfect complement to Virgin Atlantic’s current fleet.

Our team has developed a strong working relationship with Virgin Atlantic. We admire the energy of their team and their relentless innovation in delivering a unique customer experience. We look forward to the future working and innovating together.”

Craig Kreeger, Chief Executive, Virgin Atlantic added:

“We are thrilled to be adding to our current fleet of Boeing 787-9 aircraft. Virgin Atlantic has spent the last 30 years delighting customers and we know this aircraft will allow us to take that even further, while also making a significant difference to our fuel efficiency. We have an excellent relationship with Avolon and we look forward to continuing to work with the Avolon team in expanding our future fleet, which will have the 787-9 at its heart.”