Dublin-based Avolon reported a $550 million profit for the year, a 59.4% rise over its $345 million profit after tax in 2016. In 2017, the lessor became one of the top three global aircraft lessors with its purchase and integration of CIT Group’s aircraft leasing business. Avolon is a wholly owned indirect subsidiary of China’s Bohai Capital Holding. Bohai, a unit of Chinese conglomerate HNA Group, acquired Avolon in January 2016. Avolon launched as a standalone company in ...

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