Avolon Buys CIT To Create World’s Third-Largest Lessor

FRANKFURT—After months of negotiations, fast-growing aircraft lessor Avolon agreed on Oct. 6 to buy CIT Aerospace in a deal worth $10 billion. The transaction, expected to close in the first quarter of 2017 following regulatory approvals, is the most obvious example of the global leasing industry’s...
Jens Flottau

Based in Frankfurt, Germany, Jens is executive editor and leads Aviation Week Network’s global team of journalists covering commercial aviation.

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