Powered by

Orix completes acquisition of 30% stake in Avolon for $2.2bn

Nov 06, 2018 - Marketline Newswire

Japan-based Orix has completed the $2.2bn acquisition of a 30% stake in Irish aircraft leasing firm Avolon through the former's aircraft trading company Orix Aviation Systems.

Orix has bought the stake from Bohai Capital, a part of Chinese conglomerate HNA Group that acquired Avolon for $2.5bn in 2015.In 2016, Avolon became a fully owned subsidiary of Bohai Capital.The world's third largest aircraft leasing company, Avolon is primarily involved in the purchase of new aircraft and leases th...