Avolon, the international aircraft leasing company, announces the completion of its merger agreement with Bohai Leasing ("Bohai"). As a wholly-owned subsidiary of Bohai, Avolon's shares have ceased trading on the New York Stock Exchange ("NYSE"). Transaction Highlights Avolon CEO, Dómhnal Slattery, said: "The completion of our acquisition by Bohai is an exciting step in the development of Avolon. We are delighted to be part of Bohai and the wider HNA Group who share our ambitious growth plans. With a fleet of over 500 aircraft, we are now the world's fourth largest aircraft leasing firm." "The Avolon management team remains committed to the business and we see significant opportunities for growth under Bohai's ownership. We have a proven management team, a strong market position and a parent with the industry experience and financial strength to support our objective to become a top 3 player in the industry."