Avolon and Bohai Leasing, the Chinese leasing and financial services company affiliated with HNA Group, have today entered into an agreement under which Bohai will make a cash tender offer for 20% of the outstanding common shares of Avolon at a price of US$26 per common share. The transaction will be open to all Avolon shareholders. The cash tender offer of US$26 per share represents a 14.5% premium to Avolon’s volume-weighted average price last week and a 30% premium to Avolon’s IPO at US$20 per share in December 2014. The deal will without doubt give Avolon a good foothold in

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