Avolon gets investment infusion from new owners

International aircraft leasing company Avolon sai that Bohai Leasing is investing an incremental USD1.2 billion of equity capital in the business, bringing Avolon´s total available liquidity to USD2 billion to accelerate growth in 2016 and beyond.

Avolon begins 2016 as a wholly owned, indirect subsidiary of Bohai Leasing, a global leader in transportation (container and aircraft) leasing and enters an exciting phase of growth. Following the completion of the merger on January 8, 2016, Avolon assumed management of Hong Kong Aviation Capital (HKAC) with a total fleet of over 400 aircraft.

Headquartered in Ireland, with offices in the United States, Dubai, Singapore, Hong Kong and Shanghai, Avolon provides aircraft leasing and lease management services. Avolon is a wholly-owned, indirect subsidiary of Bohai Leasing, a Chinese public company listed on the Shenzhen Stock Exchange. As of December 31, 2015, Avolon´s owned, managed and committed fleet, together with the Hong Kong Aviation Capital fleet, comprised 418 aircraft with an average owned aircraft age of 3.2 years. Together, Avolon, Bohai Leasing and HNA Group is the world´s fourth largest aircraft leasing business by asset value.