Bohai Leasing has announced the completion of its acquisition of Avolon Holdings, the Ireland-based international aircraft leasing company. As a wholly-owned subsidiary of Bohai, Avolon will be combined with Bohai’s existing aircraft leasing businesses to form the world’s fourth largest aircraft leasing firm inclusive of orders. In completing the acquisition Bohai is taking a large step towards its goal to rank among the top three aircraft leasing companies in the world. “The Avolon team has … [Read more...] about Bohai Leasing completes acquisition of Avolon Holdings
Bohai Leasing
Bohai Leasing to take 20% stake in Avolon Holdings
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
