Japanese financier ORIX is set to acquire 30% of Irish lessor Avolon from China’s Bohai Capital for $2.2 billion, with completion expected in the fourth quarter of 2018. Announcing the deal Aug. 8, Avolon said the buy-in from ORIX’s Ireland-based ORIX Aviation Systems subsidiary will provide “a significant credit enhancement,” valuing its overall business at $23.7 billion. Bohai will remain an Avolon shareholder, albeit with a smaller stake, and the agreement ...

Subscribe to Access this Entire Article

"Japan’s ORIX to acquire 30% stake in Irish lessor Avolon " 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.