Avolon has completed its merger agreement with Bohai Leasing, the company said.
As a wholly-owned subsidiary of Bohai, Avolon´s shares have ceased trading on the New York Stock Exchange.
Avolon is now a wholly-owned, indirect subsidiary of Bohai Leasing, a global leader in transportation (container and aircraft) leasing.
Bohai Leasing is the only listed leasing company on the Chinese A-Share stock market and is majority owned by HNA Group, a Fortune 500 company with global interests in a range of sectors including aviation, leasing, logistics, tourism and transportation.
Avolon´s owned, managed and committed fleet, at December 31, 2015, together with the HKAC fleet, comprises 420 aircraft with an average aircraft age of 3.2 years and a value of c. USD 22 billion serving 67 customers in 36 countries.
Avolon will remain headquartered in Dublin, with a strategic Asian regional head office in Hong Kong and offices in Dubai, Shanghai, Singapore and the United States.
Avolon retains the same experienced management team since formation in 2010, all of whom remain with the integrated business which has a total employee base of 88 people.
Headquartered in Ireland, with offices in the United States, Dubai, Singapore, Hong Kong and Shanghai, Avolon provides aircraft leasing and lease management services.
Bohai Leasing is a Chinese public company listed on the Shenzhen Stock Exchange (SLE: 000415), a CSI 300 index company, and is the only listed leasing company on the Chinese A-Share stock market.