Avolon to acquire 45 aircraft from GECAS

Avolon, the international aircraft leasing company, will acquire a portfolio of 45 aircraft from GECAS. The 45 aircraft, which are scheduled to deliver to Avolon in the second half of 2016, are on lease to 29 airlines in 15 countries. Avolon is a wholly-owned, indirect subsidiary of Bohai Capital. As of 31 March, 2016, Avolon’s owned, managed and committed fleet comprised 402 aircraft with an average owned aircraft age of 3.3 years.