Irish lessor Avolon expanded its owned and managed fleet by 72% to 262 aircraft in 2016. Avolon described 2016 as a “transformational year,” during which it was acquired by Bohai Capital, integrated Hong Kong Aviation Capital (HKAC) into its business, acquired a $2 billion portfolio of 45 aircraft from GECAS and struck an agreement to acquire CIT Group’s leasing business. Detailing its year-end results on Jan. 24, Avolon said it delivered 74 aircraft and sold a further 35 ...

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