CIC Circles Avolon

China Investment Corp (CIC), China’s sovereign wealth fund, is considering buying Avolon Aerospace Leasing, according to Reuters. A deal would reportedly value the Dublin-based lessor at $4bn to $5bn including debt. Avolon is owned by Singapore’s sovereign wealth fund and a consortium of private equity firms. Its portfolio is dominated by Boeing and Airbus narrowbodies, and the lessor also has 65 A320neos and 737MAXs on order.

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