Avolon reports 2016 operational data

Avolon has described 2016 as “a transformational year” for the company, referring to the completion of its acquisition by Bohai Capital, its agreement to acquire the aircraft leasing business of CIT Group and the delivery of 74 aircraft. Avolon’s owned, managed and committed fleet grew 69% in 2016 to 435 aircraft by year-end. This fleet will effectively double again in 2017 on completion of the acquisition of the aircraft leasing business of CIT Group. Also during 2016, Avolon competed the integration of Hong Kong Aviation Capital (HKAC) into the company, acquired a US$2 billion portfolio of 45 aircraft from GECAS,