Orix confirms deal to take 30% stake in Avolon
Orix Corporation has confirmed that its Dublin-based aircraft leasing unit, Orix Aviation, will take a 30% stake in Avolon under a $2.2 billion transaction.
Subject to approvals, the Japanese-backed company will acquire 728,288 shares in Avolon from its parent, Bohai Capital, in a transaction scheduled to close in November.
Orix says the main motivations for the acquisition are to strengthen its access to new aircraft through Avolon’s orderbook and, more generally, to expand its exposure to the aircraft leasing industry.
https://www.flightglobal.com/news/articles/orix-confirms-deal-to-take-30-stake-in-avolon-450994/
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