Avolon Holdings to buy CIT Group's aircraft leasing unit for $10 billion
Avolon Holdings Ltd, a unit of China's Bohai Leasing Co Ltd (000415.SZ), said it had agreed to buy the aircraft leasing business of CIT Group (CIT.N) 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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