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Bohai Leasing to acquire 20% strategic interest in Avolon for US$429 million

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DUBLIN & BEIJING--(BUSINESS WIRE)--Avolon (NYSE:AVOL), the international aircraft leasing company, and Bohai Leasing Co., Ltd. (SZSE: 000415) (“Bohai”), the Chinese leasing and financial services company affiliated with HNA Group, today announce that they have entered into an agreement under which Bohai will make a cash tender offer for 20% of the outstanding common shares of Avolon at a price of US$26 per common share (the “Transaction”). The Transaction will be open to all Avolon shareholders

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