Hainan Airlines sister company Bohai Leasing has outlined plans to acquire a 20% “strategic interest” in Irish lessor Avolon for $429 million. Bohai will launch an offer for the Avolon stake “on or about July 31,” once it has secured internal approval for the acquisition. Hainan Airlines parent HNA Group, which is Bohai’s largest shareholder, has already agreed to back the transaction which should be completed by the end of August. “The directors of both ...

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