News & Announcements

Weil Advised Avolon Holdings Limited in its $10B Acquisition of CIT Group Inc.’s Aircraft Leasing Business

Weil advised Avolon Holdings Limited, an international aircraft leasing company and wholly owned subsidiary of Bohai Capital Holding Co., Ltd., in its acquisition of the aircraft leasing business of CIT Group Inc. for $10 billion. The transaction doubled the scale of Avolon’s business and created the world’s third largest aircraft leasing platform. The transaction closed April 04, 2017.

Weil previously advised Avolon in its $7.6 billion sale to Bohai Leasing Co., Ltd.

The Weil team that advised Avalon was led by global Private Equity co-head Douglas Warner and included Banking & Finance partner Andrew Yoon; Tax partner Kimberly Blanchard; Executive Compensation & Benefits partner Sarah Downie; International Arbitration & Trade partner Ted Posner; Data Privacy & Information Management partner Randi Singer; Technology & IP Transactions partner Jeffrey Osterman; Environmental counsel Matthew Morton; Antitrust counsel Vadim Brusser; Regulatory counsel Adam Safwat; Private Equity associates Philip Wolf, Jenny Liu, Alexander Miachika and Constantinos Pappas; Capital Markets associate Peter Byrne; Banking & Finance associates Brian Drozda and Erika Kaneko; Technology & IP Transactions associates Jennifer Yoon, Daniel Cohl and Mary Lentowski; Tax associate Liam Murphy; Executive Compensation & Benefits associates Paula Han and Corinne Nhaissi; Insurance associate Gabriel Gershowitz; International Arbitration & Trade associate Timothy Welch; and Regulatory associate Carl Duffield.

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