China-based leasing company Bohai Leasing is to buy a 20 per cent stake in Ireland-based Avolon Holdings for US$429 million. A unit of China's aviation and shipping conglomerate HNA Group, Bohai expects the offer to be formally launched by end-July following the approval of its shareholders. The transaction will provide HNA access to a global aircraft leasing market that is currently dominated by GE Capital and AerCap Holdings. Avolon chairman Denis Nayden said: "Our objective at Avolon is to … [Read more...] about Bohai Leasing to take 20% stake in Avolon Holdings