ORIX Corporation provides diversified financial services in Japan, the Americas, Asia, Europe, Australasia, the Middle East, and internationally. The company's Corporate Financial Services and Maintenance Leasing segment is involved in the finance and fee; leasing and rental of automobiles, electronic measuring instruments, and IT-related equipment businesses; and provision of life insurance and environment and energy-related products and services. Its Real Estate segment develops, rents, and manages real estate properties; operates facilities; manages residential and office building; construction contracting; real estate brokerage; and REIT and real estate investment advisory services. The company's PE Investment and Concession segment engages in the private equity (PE) investment and concession businesses. Its Environment and Energy segment provides renewable energy; retails electric power; sells solar panels and electricity storage systems; and recycling and waste management services, as well as offers ESCO services. The company's Insurance segment sells life insurance products through agents, banks, and other financial institutions, as well as face-to-face and online. Its Banking and Credit segment provides banking and consumer finance services. The company's Aircraft and Ships segment engages in the aircraft leasing and management, and ship-related finance and investment businesses. Its ORIX USA segment offers finance, investment, and asset management services. The company's ORIX Europe segment provides equity and fixed income asset management services. Its Asia and Australia segment offers finance and investment businesses. The company was formerly known as Orient Leasing Co., Ltd. and changed its name to ORIX Corporation in 1989. ORIX Corporation was incorporated in 1950 and is headquartered in Tokyo, Japan.
IPO Year:
Exchange: NYSE
Website: orix.co.jp
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New Position Focused on Expanding Commercial Real Estate Credit Asset Management ORIX Corporation USA (ORIX USA) announced today the appointment of Dean Dulchinos as Managing Director and Head of Real Estate Credit. Mr. Dulchinos is based in New York and reports to Jeff Abrams, Group Head of Private Credit and Real Estate and Member, Executive Committee. Mr. Dulchinos has over 20 years of experience building and managing global commercial real estate (CRE) platforms, including 17 years at Barings/MassMutual companies in senior leadership positions within global CRE investing, including as Head of Real Estate Debt Portfolio Management and Capital Markets and Head of Structured Investments.
Avolon reports $141 million of net income in Q3 Avolon, the international aircraft leasing company, announces results for the third quarter (Q3) of 2022. 2022 THIRD QUARTER | FINANCIAL & BUSINESS HIGHLIGHTS INCOME & CASHFLOW ($ MILLION) Q3 2022 Q3 2021 9M 2022 9M 2021 Lease Revenue 546 518 1,743 1,598 Operating Cashflow 278 237 903 549 Net Income 141 6 (33) (14) Net Income (excluding Russia) 141 6 227 (14) BALANCE SHEET ($ MILLION) Q3 2022 FY 2021 CHANGE Total Available Liquidity (incl contracted sales) 6,781 6,387 394 Total Assets 30,020 30,984 (964) Secured
- Ross O'Connor appointed Chief Financial Officer - Felipe Campos appointed Chief Operating Officer - Jim Morrison appointed Chief Risk Officer Avolon, the international aircraft leasing company, announces appointments to the roles of Chief Financial Officer (CFO), Chief Operating Officer (COO), and Chief Risk Officer (CRO). - Ross O'Connor, Avolon's Head of Capital Markets, has been appointed as CFO - Felipe Campos, Avolon's Chief Technical Officer, has been appointed as COO - Jim Morrison, Avolon's Head of Portfolio Management, has been appointed as CRO All three will also join Avolon's Executive Committee (ExCo) with immediate effect. Following a successful transition period, out
Avolon Reports $86 Million of Net Income (Ex-Russia) in H1-22 Founding CEO Dómhnal Slattery to Step Down; Andy Cronin Appointed CEO Designate Avolon, the international aircraft leasing company, announces results for the second quarter (Q2) of 2022. 2022 SECOND QUARTER | FINANCIAL & BUSINESS HIGHLIGHTS INCOME & CASHFLOW ($ MILLION) Q2 2022 H1 2022 Q2 2021 H1 2021 Lease Revenue 539 1,197 610 1,080 Operating Cashflow 305 624 195 313 Net Income 8 (173) 64 (20) Net Income (excluding Russia) 6 86 64 (20) BALANCE SHEET ($ MILLION) Q2 2022 FY
Founding CEO, Dómhnal Slattery, to step down from CEO role having served for 12 years since the formation of Avolon Andy Cronin, President & Chief Financial Officer, appointed CEO Designate Avolon, the international aircraft leasing company, announces that its Chief Executive Officer (CEO), Dómhnal Slattery, has informed the Board of his intention to step down from his executive role and from the Board in 2022. Avolon's Board has unanimously appointed Andy Cronin, Avolon's President & Chief Financial Officer (CFO), to the role of CEO Designate. In addition, Paul Geaney, Avolon's Chief Commercial Officer (CCO) is appointed to the role of President & CCO with immediate effect. Dómhnal Slat
Ciara Ruane joins Avolon as Chief People Officer Ciara Ruane also joins Avolon's Executive Committee as part of its executive leadership team Avolon, the international aircraft leasing company, announces that Ciara Ruane has joined Avolon to serve in a newly established role: Chief People Officer (CPO). As CPO, Ciara will be responsible for leading Avolon's people strategy, employee experience, rewards, retention, recruitment, diversity & inclusion, and leadership development and learning. In her role as CPO, Ciara will be a core member of Avolon's executive leadership team, joining its Executive Committee (‘ExCo') effective immediately. Ciara has over 20 years' Human Resources (HR)
- Partnership includes Avolon, Corporación América Airports, GOL, Grupo Comporte and Vertical Aerospace - Partnership will explore infrastructure requirements to make eVTOL operations a reality in Brazil this decade A partnership of global leaders in aviation and airports announces its intention to explore the infrastructure requirements to bring eVTOL passenger flight to Brazil within this decade. The partnership includes: This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220602005460/en/Partnership between Avolon, Corporación América Airports, GOL, Grupo Comporte and Vertical Aerospace will explore and define vertiport design an
Avolon reports increased revenue and cash collections as borders reopen Avolon, the international aircraft leasing company, announces results for the first quarter (Q1) of 2022. 2022 FIRST QUARTER | FINANCIAL HIGHLIGHTS INCOME STATEMENT ($ MILLION) Q1 2022 Q1 2021 CHANGE Lease Revenue 658 470 188 Net Loss (182) (83) (99) Adjusted Net Income/(Loss) (excluding Russia) 80 (83) 163 BALANCE SHEET ($ MILLION) Q1 2022 FY 2021 CHANGE Total Available Liquidity 5,372 6,256 (884) Total Assets 30,521 30,984 (463) Secured Debt / Total Assets 20% 20% - Net Debt to
Optimad to Pursue an Organic and Inorganic Growth Strategy ORIX Capital Partners (OCP) announced the acquisition of a majority interest in Optimad Media LLC (Optimad), a leading tech-enabled performance marketing solutions provider serving customers across the Consumer Packaged Goods (CPG) and Film & Entertainment (F&E) segments. This investment is part of OCP's focus on the digital performance marketing space, which OCP expects will benefit from strong secular growth trends as digital advertising spend continues to grow and advertisers continue to shift toward performance-based advertising strategies. Using proprietary targeting, accelerated learning and dynamic optimization capabilities
Network Connex, a Chicago-based provider of mission critical network deployment solutions in fiber optics, data centers, and wireless and video networks, with operations in the United States and Europe, announced today it has acquired Advantage Engineers. Advantage Engineers is based in Columbia, MD, and is a nationwide engineering and design firm bringing innovative solutions to telecommunications infrastructure projects. Advantage Engineers has substantial operations on the East Coast and on the West Coast, where it goes to market through its Synergy brand. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210415005171/en/ Advanta
DUBLIN--(BUSINESS WIRE)--Avolon, the international aircraft leasing company, announces results for the 2020 full year. Consolidated financial statements for the year ended 31 December, 2020 have been prepared in accordance with US Generally Accepted Accounting Principles (“US GAAP”). The supplemental schedule in the appendix to Avolon’s financial statements explains the principal adjustments made by Avolon in restating its IFRS financial statements under US GAAP. 2020 | FINANCIAL HIGHLIGHTS US$ MILLION FY 2020 FY 2019 CHANGE Lease Revenue 2,279 2,620 (13%) (Loss)/Profit (37) 725 Total Available Liquidity 6,867 5,746 20%
DUBLIN, Ireland--(BUSINESS WIRE)--Avolon, the international aircraft leasing company, issues an update for the fourth quarter (‘Q4’) and 2020 full year (‘FY’). Q4 FLEET METRICS & BUSINESS HIGHLIGHTS - Closed a private offering of US$1bn of senior unsecured notes maturing in 2026 and successfully tendered for US$723m of notes maturing in 2022 and 2023; - Raised US$675m of new secured term loan debt maturing in 2027, the proceeds of which were used to repay existing revolving secured debt; - Executed a total of 31 lease transactions in the quarter comprising of new aircraft leases, follow-on leases and lease extensions; and - Delivered a total of 21 new aircraft in the quarter to
New Position Focused on Expanding Commercial Real Estate Credit Asset Management ORIX Corporation USA (ORIX USA) announced today the appointment of Dean Dulchinos as Managing Director and Head of Real Estate Credit. Mr. Dulchinos is based in New York and reports to Jeff Abrams, Group Head of Private Credit and Real Estate and Member, Executive Committee. Mr. Dulchinos has over 20 years of experience building and managing global commercial real estate (CRE) platforms, including 17 years at Barings/MassMutual companies in senior leadership positions within global CRE investing, including as Head of Real Estate Debt Portfolio Management and Capital Markets and Head of Structured Investments.
ORIX Corporation (TYO:8591, NYSE:IX, OTC:ORXCF) has submitted its annual Form 20-F for the fiscal year ended March 31, 2024 to the U.S. Securities and Exchange Commission on June 27, 2024. Please find online versions of the file available for download, as well as a link to the SEC EDGAR format, on ORIX's website at: https://www.orix.co.jp/grp/en/ir/library/20f/index.html ORIX also provides hard copies of the completed audited financial statements free of charge to our shareholders upon request. To receive a copy, please fill out and submit an "Investor Information Request Form" available at: https://www.orix.co.jp/grp/en/contact/inquiry-eng.html About ORIX Group: ORIX Group (TYO:8591,
Avolon delivers 14% increase in lease revenue to US$613 million in Q2 Avolon, the international aircraft leasing company, announces results for the second quarter (Q2) of 2023. 2023 SECOND QUARTER | FINANCIAL HIGHLIGHTS INCOME STATEMENT (US$M) Q2 2023 Q2 2022 CHANGE CHANGE% Lease Revenue 613 539 74 +14% Operating Cashflow 371 305 66 +22% Net Income 76 8 68 9x EBITDA 578 486 92 +19% BALANCE SHEET (US$M) Q2 2023 FY 2022 CHANGE CHANGE% Total Available Liquidity (incl contracted sales) 7,263
Avolon, the international aircraft leasing company, issues an update for the second quarter (‘Q2') of 2023. Q2 Fleet Metrics Executed 31 lease transactions comprising new aircraft leases, follow-on leases and lease extensions; Entered into letters of intent for the sale and leaseback of 9 aircraft; Confirmed order for 40 Boeing 737 MAX aircraft and agreed to order 20 Airbus A330neo aircraft; Delivered 5 new aircraft and transitioned 13 aircraft to a total of 10 customers; Sold 3 aircraft and executed sale agreements for a further 17 aircraft; Entered into letters of intent to place 23 aircraft from our orderbook during the quarter; Added 2 new customers, giving a tota
ORIX Corporation (TYO:8591, NYSE:IX, OTC:ORXCF) has submitted its annual Form 20-F for the fiscal year ended March 31, 2023 to the U.S. Securities and Exchange Commission on June 26, 2023. Please find online versions of the file available for download, as well as a link to the SEC EDGAR format, on ORIX's website at: https://www.orix.co.jp/grp/en/ir/library/20f/index.html ORIX also provides hard copies of the completed audited financial statements free of charge to our shareholders upon request. To receive a copy, please fill out and submit an "Investor Information Request Form" available at: https://www.orix.co.jp/grp/en/contact/inquiry-eng.html About ORIX: ORIX Corporation (TYO:8591,
- Converts 50 A320neos on order to larger A321neo model Avolon, the international aircraft leasing company, has today signed a memorandum of understanding with Airbus at the Paris Air Show to order 20 Airbus A330neo aircraft. The new aircraft are scheduled to be delivered between 2026 and 2028. Avolon was a launch customer for the A330neo programme in 2014 and has fully placed its current widebody order book. The A330neo has a range of over 13,300km (7,200 nautical miles) and 25% lower fuel consumption and CO2 emissions compared to previous generation aircraft. This agreement will also see 50 A320neo aircraft Avolon has on order with Airbus converted to the larger A321neo model. And
LE BOURGET, France, June 20, 2023 /PRNewswire/ -- Boeing (NYSE:BA) and Avolon, the international aircraft leasing company, today announced an order for 40 737 MAX airplanes at the Paris Air Show. "Today's announcement reaffirms our long-standing partnership with Boeing and our support for their 737 MAX program. We are confident in the long-term demand from our customers for the 737 MAX, and this order extends our delivery pipeline out to 2030," said Andy Cronin, CEO, Avolon. "The transitioning of the global fleet to more fuel-efficient new-technology aircraft is a priority for
- Asia to lead growth driven by travel demand from rising middle class - Over US$4 trillion will be required to finance new deliveries providing major role for aircraft lessors - Long-term demand to travel to see friends, family and do business undiminished by pandemic Avolon, the international aircraft leasing company, today publishes its World Fleet Forecast – Return to Growth – projecting trends in the commercial passenger aviation fleet out to 2042. It forecasts the fleet will almost double by 2042, growing 94% to 46,880 aircraft, underpinned by sustained growth in demand for air travel, building on the rapid recovery experienced since the pandemic. This press release features mu
Avolon Holdings Limited (‘Avolon'), the international aircraft leasing company, announces the extension of the TLB-3 tranche of its senior secured US$2.92 billion Term Loan B facility (the ‘Facility'). The TLB-3 tranche has been extended from January 2025 to June 2028 through a new TLB-6 tranche and upsized by US$250 million, bringing the total size to $1.68 billion. The TLB-6 priced at SOFR plus 2.5% with a SOFR floor of 0.5%, subject to an original issue discount (OID) of 99.0. Ross O'Connor, Avolon Chief Financial Officer, commented: "We are very pleased to have successfully upsized our term loan facility and to have extended its maturity to 2028. The upsizing of the transaction re
Avolon Holdings Limited ("Avolon"), the international aircraft leasing company, announces the pricing of a private offering (the "Offering") by its wholly owned subsidiary, Avolon Holdings Funding Limited, for a principal aggregate amount of US$750 million of 6.375% senior unsecured notes due 2028 (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 4 May 2023, subject to customary closing conditions. Net proceeds from the Offering will be used for general corporate purposes, which may include the future repayment of outstanding indebtedness. The Notes will not be registered u
ORIX (NYSE:IX) reported quarterly earnings of $2.66 per share. This is a 1.12 percent decrease over earnings of $2.69 per share from the same period last year. The company reported $4.59 billion in sales this quarter. This is a 2.87 percent increase over sales of $4.46 billion the same period last year.
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The new aircraft are scheduled to be delivered between 2026 and 2028.
The Nikkei 225 stock market index in Japan is seeing a significant rebound in 2023, recalling memories of its glory days when Japanese technology stocks dominated the global scene. With a 25% year-to-date increase as of June 6 and at its highest level since July 1990 (almost 33 years ago), Japanese equities have once again piqued the interest of foreign investors. Factors Driving the Rally: Several major variables have contributed to the Nikkei's comeback. For instance, Japanese exporters benefit from a historically weak Japanese yen, which strengthens their global competitiveness. Furthermore, the appealing and low valuations of Japanese equities are attracting the attention of value-sty
Avolon is 70% owned by an indirect subsidiary of Bohai Leasing Co., Ltd., a public company listed on the Shenzhen Stock Exchange (SLE: 000415) and 30% owned by ORIX Aviation Systems, a subsidiary of ORIX Corporation which is listed on the Tokyo and New York Stock Exchanges ((TSE: 8591, NYSE: IX).
Avolon, the international aircraft leasing company, announces a commitment to order 40 Boeing 737 MAX aircraft. The aircraft are scheduled for delivery between 2027 and 2030; and are valued at over $4 billion at current list price.
Bloomberg Apple, In A Cinema Near You Soon: Streaming Rivalry Heats Up As Apple To Splurge On Original Theatrical Releases Apple Inc (NASDAQ: AAPL) eyes splurging $1 billion annually to produce movies likely for theatrical release to draw subscribers to its streaming service. Apple has approached movie studios about partnering to release a few titles in theaters this year and a slate of more films in the future. The list of potential releases includes Martin Scorsese's Killers of the Flower Moon, which stars Leonardo DiCaprio; the spy thriller Argylle, from director Matthew Vaughn, and Napoleon, Ridley Scott's drama about the French conqueror. Toshiba Accepts $15B Acquisition Bid Fro
Toshiba Corp (OTC:TOSYY) has reportedly accepted an acquisition offer from a Japanese consortium. The company's board approved a bid of $15.3 billion from a group led by private equity firm Japan Industrial Partners Inc., and the offer price represents a 9.6% premium to Toshiba's closing price on March 23, reported Bloomberg. The group comprises about 20 Japanese companies, including Orix Corp (NYSE:IX), Rohm Co, and Chubu Electric Power Co. The report further noted that Toshiba's management, the Japanese government and vocal foreign shareholders of the company clashed over its future, with the investors batting for maximum returns while the government wanted to keep sensitive businesse
If history is any guide, there may be good fortune ahead for shares of ORIX (NYSE:IX). A so-called "golden cross" has formed on its chart and, not surprisingly, this could be bullish for the stock. What To Know: Many traders use moving average crossover systems to make their decisions. When a shorter-term average price crosses above a longer-term average price, it could mean the stock is trending higher. If the short-term average price crosses below the long-term average price, it means the trend is lower. Why It's Important: The 50-day and the 200-day simple moving averages are commonly used. The golden cross occurs when the 50-day crosses above the 200-day. This could mean the long-term
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