Irish lessor Avolon has reached an agreement to be taken over by China’s Bohai Leasing. Bohai will pay $31 cash per common share for Avolon in a deal with a total enterprise value of approximately $7.6 billion. The $31 offer represents a 31% premium to Avolon’s share price on July 13 of $23.73 per share, the closing price prior to the announcement of Bohai’s initial intention to acquire a 20% stake in Avolon. It is also a 55% premium on Avolon’s initial public ...

Subscribe to Access this Entire Article

"Avolon agrees to Bohai merger" 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?

Already registered? Log in here.