Wikipedia
Avolon is an aircraft leasing company based in Ireland. It was founded in May 2010 by Domhnal Slattery, and a team from RBS Aviation Capital including John Higgins, Dick Forsberg, Tom Ashe, Andy Cronin, Pat Hannigan, Simon Hanson and Ed Riley with initial capital of US$1.4 billion. The equity commitment of US$1.4 billion was from four leading international investors: Cinven, CVC Capital Partners, Oak Hill Capital Partners and the Government of Singapore Investment Corporation. Between 2010 and 2014, Avolon also raised US$6.1 billion in debt from the capital markets and a range of commercial and specialist aviation banks including Wells Fargo Securities, Citi, Deutsche Bank, BNP Paribas, Credit Agricole, UBS, DVB, Nord LB and KfW IPEX-Bank.
In December 2014, Avolon listed on the New York Stock Exchange under the ticker symbol AVOL. At listing, Avolon was the largest ever listing of an Irish founded company on the NYSE.
In September 2015, Avolon announced that Bohai Leasing Co., the Chinese leasing and financial services company affiliated with HNA Group, made a cash offer for 100% of Avolon's common shares at a price of US$31 per share. The transaction was approved by both Avolon and Bohai shareholders.
In January 2016, Avolon announced the completion of its acquisition by Bohai Leasing. Avolon is now the core aircraft leasing brand for Bohai Leasing and its parent, HNA Group, having assumed management of the Hong Kong Aviation Capital (HKAC) business, another Bohai subsidiary.
Avolon’s owned, managed and committed fleet, at 30 June 2016, comprised 443 aircraft including a portfolio of 45 aircraft acquired from another lessor. Avolon, together with HNA Group and Bohai’s other aircraft leasing interests, comprises a total fleet of more than 500 aircraft - the world’s fourth largest aircraft leasing business by asset value. Bohai Leasing also invested $1.2 billion incremental equity into Avolon following acqusition providing the business with $3 billion of available liquidity for growth at the end of June 2016.