Avolon acquires CIT’s leasing business, becomes third-largest lessor

Irish lessor Avolon completed the acquisition of New York-based CIT Group’s leasing business April 4 at a sale price of $10.4 billion. The transaction makes Avolon the world’s third largest lessor with a fleet of 868 aircraft worth over $43 billion, as of Dec. 31, 2016. The acquisition doubled...
Mark Nensel

Mark Nensel is the Managing Editor of Aviation Daily. Prior to taking the helm of daily production of Aviation Week's commercial aviation newsletter…

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