Bohai Leasing announced on September 28 that a subsidiary of its controlling subsidiary Avolon and related entities signed an Aircraft Sale and Purchase Agreement and a Beneficial Interest Transfer Agreement in Ireland on September 28 with LAC Leasing Ireland 1 Limited, selling 33 aircraft leasing assets with attached leases to the latter or its designated party. The market price of these 33 aircraft leasing assets with attached leases is approximately 1.609 billion US dollars, equivalent to about 10.924 billion yuan, and the actual sale price will be determined by both parties through negotiation on this basis. The company said the transaction will help optimize the aircraft asset structure, maintain a young leasing fleet, and have a positive impact on the company's current and future annual profits.
Bohai Leasing Co LtdAvolon sells 33 aircraft leasing assets for ~$1.609B, a divestiture expected to optimize asset structure and positively impact current and future annual profits.
