ORIX Aviation acquires 30% stake in Avolon

ORIX Aviation has signed an agreement to acquire 30% of Avolon from Bohai Capital for $2.2bn. The transaction implies an Avolon enterprise value of $23.7bn as at 31 March 2018. ORIX Aviation will fund the purchase with available funds. Bohai Capital will retain 70% of Avolon. Speaking with ORIX Aviation Chief Executive, David Power, and Deputy CEO and CEO of ORIX Aviation Hong Kong, James Meyler, this morning, the pair highlighted how well the two business complement each other since as a specialist lessor ORIX Aviation is focused on leasing, trading and the management of aircraft assets, whereas Avolon’s primary