FREE SUBSCRIPTION Includes: The Advisor Daily eBlast + Exclusive Content + Professional Network Membership: JOIN NOW LOGIN
Skip Navigation LinksHome / News / Read News


Avolon Nearing Purchase of CIT’s Aircraft Leasing Unit, Reuters Exclusive

September 06, 2016, 07:15 AM
Filed Under: Aircraft

Reuters reported that Avolon Holdings, part of China's acquisitive HNA Group is nearing a deal to buy the aircraft leasing assets of U.S. lender CIT Group for between $3 billion and $4 billion, people familiar with the matter told Reuters.

According to the exclusive Reuters report, the purchase would turn Avolon into one of the world's top five lessors, building on a series of acquisitions that HNA Group has completed over the past two years. An announcement could come as early as this week, these people, who declined to be named as talks are confidential, said.

Read the full Reuters Exclusive: Avolon Nearing Purchase of CIT's Aircraft Leasing Unit - Sources

Comments From Our Members

You must be an Equipment Finance Advisor member to post comments. Login or Join Now.