Bohai Leasing To Buy 20% Of Avolon

China’s Bohai Leasing has agreed to buy a 20 per cent stake in Irish lessor Avolon for $429m.

China’s Bohai Leasing has agreed to buy a 20 per cent stake in Irish lessor Avolon for $429m.

As part of parent company HNA’s attempts to expand its footprint in the aviation sector, Bohai will pay $26 per share for a stake in the Dublin-based firm.

In a joint statement released today (July 14), Bohai said its investment will reinforce Avolon’s position as an independent aircraft lessor while allowing it to more rapidly expand its footprint in the global market.

Avolon has a fleet of more than 260 aircraft with customers including Air France, American Airlines and Ryanair.

TAGS: Asia Pacific
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