Exhibit 21.1

Name of Subsidiary	Jurisdiction of Incorporation
Avolon Aerospace AOE 1 Limited	Cayman Islands
Avolon Aerospace AOE 2 Limited	Cayman Islands
Avolon Aerospace AOE 3 Limited	Cayman Islands
Avolon Aerospace AOE 4 Limited	Cayman Islands
Avolon Aerospace AOE 5 Limited	Cayman Islands
Avolon Aerospace AOE 6 Limited	Cayman Islands
Avolon Aerospace AOE 7 Limited	Cayman Islands
Avolon Aerospace AOE 8 Limited	Cayman Islands
Avolon Aerospace AOE 9 Limited	Cayman Islands
Avolon Aerospace AOE 10 Limited	Cayman Islands
Avolon Aerospace AOE 11 Limited	Cayman Islands
Avolon Aerospace AOE 12 Limited	Cayman Islands
Avolon Aerospace AOE 13 Limited	Cayman Islands
Avolon Aerospace AOE 14 Limited	Cayman Islands
Avolon Aerospace AOE 15 Limited	Cayman Islands
Avolon Aerospace AOE 16 Limited	Cayman Islands
Avolon Aerospace AOE 17 Limited	Cayman Islands
Avolon Aerospace AOE 18 Limited	Cayman Islands
Avolon Aerospace AOE 19 Limited	Cayman Islands
Avolon Aerospace AOE 20 Limited	Cayman Islands
Avolon Aerospace AOE 21 Limited	Cayman Islands
Avolon Aerospace AOE 22 Limited	Cayman Islands
Avolon Aerospace AOE 23 Limited	Cayman Islands
Avolon Aerospace AOE 24 Limited	Cayman Islands
Avolon Aerospace AOE 25 Limited	Cayman Islands
Avolon Aerospace AOE 26 Limited	Cayman Islands
Avolon Aerospace AOE 27 Limited	Cayman Islands
Avolon Aerospace AOE 28 Limited	Cayman Islands
Avolon Aerospace AOE 29 Limited	Cayman Islands
Avolon Aerospace AOE 30 Limited	Cayman Islands
Avolon Aerospace AOE 31 Limited	Cayman Islands
Avolon Aerospace AOE 32 Limited	Cayman Islands
Avolon Aerospace AOE 33 Limited	Cayman Islands
Avolon Aerospace AOE 34 Limited	Cayman Islands
Avolon Aerospace AOE 35 Limited	Cayman Islands
Avolon Aerospace AOE 36 Limited	Cayman Islands
Avolon Aerospace AOE 37 Limited	Cayman Islands
Avolon Aerospace AOE 38 Limited	Cayman Islands
Avolon Aerospace AOE 39 Limited	Cayman Islands
Avolon Aerospace AOE 40 Limited	Cayman Islands
Avolon Aerospace AOE 41 Limited	Cayman Islands
Avolon Aerospace AOE 42 Limited	Cayman Islands
Avolon Aerospace AOE 43 Limited	Cayman Islands
Avolon Aerospace AOE 44 Limited	Cayman Islands
Avolon Aerospace AOE 45 Limited	Cayman Islands
Avolon Aerospace AOE 46 Limited	Cayman Islands
Avolon Aerospace AOE 47 Limited	Cayman Islands
Avolon Aerospace AOE 48 Limited	Cayman Islands
Avolon Aerospace AOE 49 Limited	Cayman Islands

Name of Subsidiary	Jurisdiction of Incorporation
Avolon Aerospace AOE 50 Limited	Cayman Islands
Avolon Aerospace AOE 51 Limited	Cayman Islands
Avolon Aerospace AOE 52 Limited	Cayman Islands
Avolon Aerospace AOE 53 Limited	Cayman Islands
Avolon Aerospace AOE 54 Limited	Cayman Islands
Avolon Aerospace AOE 55 Limited	Cayman Islands
Avolon Aerospace AOE 56 Limited	Cayman Islands
Avolon Aerospace AOE 57 Limited	Cayman Islands
Avolon Aerospace AOE 58 Limited	Cayman Islands
Avolon Aerospace AOE 59 Limited	Cayman Islands
Avolon Aerospace AOE 60 Limited	Cayman Islands
Avolon Aerospace AOE 61 Limited	Cayman Islands
Avolon Aerospace AOE 62 Limited	Cayman Islands
Avolon Aerospace AOE 63 Limited	Cayman Islands
Avolon Aerospace AOE 64 Limited	Cayman Islands
Avolon Aerospace AOE 65 Limited	Cayman Islands
Avolon Aerospace AOE 66 Limited	Cayman Islands
Avolon Aerospace AOE 67 Limited	Cayman Islands
Avolon Aerospace AOE 68 Limited	Cayman Islands
Avolon Aerospace AOE 69 Limited	Cayman Islands
Avolon Aerospace AOE 70 Limited	Cayman Islands
Avolon Aerospace AOE 71 Limited	Cayman Islands
Avolon Aerospace AOE 72 Limited	Cayman Islands
Avolon Aerospace AOE 73 Limited	Cayman Islands
Avolon Aerospace AOE 74 Limited	Cayman Islands
Avolon Aerospace AOE 75 Limited	Cayman Islands
Avolon Aerospace AOE 76 Limited	Cayman Islands
Avolon Aerospace AOE 77 Limited	Cayman Islands
Avolon Aerospace AOE 78 Limited	Cayman Islands
Avolon Aerospace AOE 79 Limited	Cayman Islands
Avolon Aerospace AOE 80 Limited	Cayman Islands
Avolon Aerospace AOE 81 Limited	Cayman Islands
Avolon Aerospace AOE 82 Limited	Cayman Islands
Avolon Aerospace AOE 83 Limited	Cayman Islands
Avolon Aerospace AOE 84 Limited	Cayman Islands
Avolon Aerospace AOE 85 Limited	Cayman Islands
Avolon Aerospace AOE 86 Limited	Cayman Islands
Avolon Aerospace AOE 87 Limited	Cayman Islands
Avolon Aerospace AOE 88 Limited	Cayman Islands
Avolon Aerospace AOE 89 Limited	Cayman Islands
Avolon Aerospace AOE 90 Limited	Cayman Islands
Avolon Aerospace AOE 91 Limited	Cayman Islands
Avolon Aerospace AOE 92 Limited	Cayman Islands
Avolon Aerospace AOE 93 Limited	Cayman Islands
Aderry Aviation Limited	Ireland
Altenburg Aviation Limited	Cayman Islands
Carrowmore Aviation Limited	Ireland
Chatsworth Aviation Limited	Ireland
Clady Aviation Limited	Cayman/ Islands
Clea Aviation Limited	Cayman Islands
Coguish Limited	Cayman Islands

2

Name of Subsidiary	Jurisdiction of Incorporation
Conn Aviation Limited	Ireland
Corrib Aviation Limited	Cayman Islands
Crolly Aviation Limited	Ireland
Cullin Aviation Limited	Ireland
Daire Aviation Limited	Ireland
Derryveagh Aviation Limited	Ireland
Drumgun Aviation Limited	Ireland
Dungloe Aviation Limited	Ireland
Dunlewy Aviation Limited	Cayman Islands
Dunlewy Aviation Leasing 1 Limited	Cayman Islands
Dunlewy Aviation Leasing 2 Limited	Cayman Islands
Emscote Aviation Limited	Ireland
Ennell Aviation Limited	Cayman Islands
Eske Aviation Limited	Ireland
Feeagh Aviation Limited	Ireland
Fhada Aviation Limited	Ireland
Finn Aviation Limited	Ireland
Gemelli Aviation Limited	Ireland
Gill Aviation Limited	Ireland
Glenveagh Aviation Limited	Ireland
Gweedore Aviation Limited	Cayman Islands
Leane Aviation Limited	Ireland
Mardal Aviation Limited	Ireland
Nafooey Aviation Limited	Ireland
Avolon Aerospace Finance Limited	Cayman Islands
Avolon Aerospace (Funding 2) Limited	Cayman Islands
Avolon Aerospace (Funding 3 Limited)	Cayman Islands
Avolon Aerospace (Ireland) AOE 1 Limited	Ireland
Avolon Aerospace (Ireland) AOE 2 Limited	Ireland
Avolon Aerospace (Ireland) AOE 3 Limited	Ireland
Avolon Aerospace (Ireland) AOE 4 Limited	Ireland
Avolon Aerospace (Ireland) AOE 5 Limited	Ireland
Avolon Aerospace (Ireland) AOE 6 Limited	Ireland
Avolon Aerospace (Ireland) AOE 7 Limited	Ireland
Avolon Aerospace (Ireland) AOE 8 Limited	Ireland
Avolon Aerospace (Ireland) AOE 9 Limited	Ireland
Avolon Aerospace (Ireland) AOE 10 Limited	Ireland
Avolon Aerospace (Ireland) AOE 11 Limited	Ireland
Avolon Aerospace AOE 1 (Labuan) Limited	Labuan
Avolon Aerospace AOE 2 (Labuan) Limited	Labuan
Avolon Aerospace AOE 3 (Labuan) Limited	Labuan
Avolon Aerospace (Dubai) Limited	Dubai International Financial Centre Free Zone
Avolon Aerospace Finance (Luxembourg) II S.ar.l.	Luxembourg
Avolon Aerospace Finance (Luxembourg) III S.ar.l.	Luxembourg
Avolon Aerospace France 1 SAS	France
Avolon Aerospace France 2 SAS	France
Avolon Aerospace France 4 SAS	France
Avolon Aerospace France 5 SAS	France
Avolon Aerospace France 6 SAS	France
Avolon Aerospace France 7 SAS	France

3

Name of Subsidiary	Jurisdiction of Incorporation
Avolon Aerospace (Hong Kong) Limited	Hong Kong
Avolon Aerospace Leasing Limited	Cayman Islands
Avolon Aerospace Limited	Cayman Islands
Avolon Aerospace Norway 1 AS	Norway
Avolon Aerospace Norway 2 AS	Norway
Avolon Aerospace Norway 3 AS	Norway
Avolon Aerospace Norway 4 AS	Norway
Avolon Aerospace (New York) Inc.	Delaware
Avolon Aerospace Singapore Pte. Ltd.	Singapore
Avolon Aerospace UK 1 Limited	UK
Avolon Aerospace UK 2 Limited	UK
Avolon Aerospace UK 3 Limited	UK
Avolon Aerospace UK 5 Limited	UK
Avolon Aerospace (Warehouse 1) Limited	Cayman Islands
Avolon Investments S.ar.l.	Luxembourg
Avolon Leasing 4375 Limited	Cayman Islands
Avolon Leasing (AB1) Limited	Cayman Islands
Avolon Leasing (AB2) Limited	Cayman Islands
Avolon Aerospace France 8 SAS	France
Avolon Aerospace France 9 SAS	France
Avolon Aerospace France 10 SAS	France
Avolon Aerospace France 11 SAS	France
Avolon Aerospace (Funding 4) Limited	Cayman Islands
Emerald Aviation Finance Limited	Cayman Islands
Emerald Aviation AOE 1 Limited	Cayman Islands
Emerald Aviation AOE 2 Limited	Cayman Islands
Emerald Aviation AOE 3 Limited	Cayman Islands
Emerald Aviation AOE 4 Limited	Cayman Islands
Emerald Aviation AOE 5 Limited	Cayman Islands
Emerald Aviation AOE 6 Limited	Cayman Islands
Emerald Aviation AOE 7 Limited	Cayman Islands
Emerald Aviation AOE 8 Limited	Cayman Islands
Emerald Aviation AOE 9 Limited	Cayman Islands
EAF Leasing 1 Limited	Ireland
EAF Leasing 2 Limited	Ireland
EAF Leasing 3 Limited	Ireland
EAF Leasing 4 Limited	Ireland
EAF Leasing 5 Limited	Ireland
Emerald Aviation Norway 1 AS	Norway
Emerald Aviation Bermuda 1 Limited	Bermuda
Emerald Aviation France 1 SAS	France
EAF Leasing UK 1 Limited	UK

4