Is Avolon a top four lessor? I cannot make that work and neither can anyone else in this industry at the moment. I have them in sixth and many consultancies have them in seventh. Avolon has grown very quickly indeed. Bohai Leasing purchased Avolon just before its share price would have been hit along with all other listed lessors in the USA, so good timing for AVOL stock holders in the extreme but not perfect for Bohai in hindsight. Talks between Bohai (and ICBC and others for that matter) and AWAS are now over, Terra Firma is asking too much

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