Home > Airlines > HNA in talks to sell €2 billion stake in Avolon to Japan's Orix

HNA in talks to sell €2 billion stake in Avolon to Japan's Orix

08/08/2018| 1:55:19 PM| 中文

No final agreement has been reached, and there's no certainty the negotiations will lead to a deal, it's understood.

HNA, the Chinese conglomerate unwinding a global acquisition spree, is in advanced talks to sell a USD 2.2 billion (€1.9 billion) stake in Dublin-headquartered jet lessor Avolon to Japan's Orix Corporation.

Orix has been discussing the purchase of around a 30% stake in Avolon from HNA's Shenzhen-listed Bohai Capital unit, according to sources.

A deal for the stake in Avolon, which was co-founded by and is headed by Clare native Dómhnal Slattery, could be announced as soon as this week.

No final agreement has been reached, and there's no certainty the negotiations will lead to a deal, it's understood.

HNA's Bohai Leasing subsidiary completed the acquisition of Avolon in 2016, in a deal that placed a USD 7.6 billion (€6.5 billion) enterprise value on the lessor.

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TAGS: HNA | Avolon | Orix
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