Irish lessor Avolon has agreed to acquire US company CIT Group’s leasing business for $10 billion, creating the world’s third largest lessor with a fleet of 910 aircraft worth over $43 billion. Announcing the agreement Oct. 6, Avolon detailed plans to acquire CIT Group’s leasing business, which includes 334 owned and managed aircraft, plus a further 133 aircraft on order or committed. “Avolon will acquire total assets of $11.1 billion as of June 30, 2016 and ...

Subscribe to Access this Entire Article

"Avolon to acquire CIT Group’s leasing business" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.