October 6, 2016 / 9:26 PM / a year ago

Avolon Holdings to buy CIT Group's aircraft leasing unit for $10 bln

Oct 6 (Reuters) - Avolon Holdings Ltd, a unit of China’s Bohai Leasing Co Ltd, said it had agreed to buy the aircraft leasing business of CIT Group for $10 billion.

The combined entity will have a fleet of 910 aircraft valued at over $43 billion, Avolon said in a statement on Thursday. (Reporting by Narottam Medhora in Bengaluru; Editing by Shounak Dasgupta)

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