Avolon: 2016 was a 'transformational year' for the company

Avolon reported (24-Jan-2017) 2016 was a "transformational year," which included the completion of its acquisition by Bohai Capital, its agreement to acquire the aircraft leasing business of CIT Group and the delivery of 74 aircraft. Avolon's owned, managed and committed fleet grew 69% in 2016 to 435 aircraft by year-end. The fleet will effectively double again in 2017 on completion of the acquisition of the aircraft leasing business of CIT Group. [more - original PR]