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

Weil is advising Avolon Holdings Limited, an international aircraft leasing company and wholly owned subsidiary of Bohai Capital Holding Co., Ltd., in its agreement to acquire the aircraft leasing business of CIT Group Inc. for $10 billion. The transaction is expected to double the scale of Avolon’s business and create the world’s third largest aircraft leasing platform. The transaction is expected to close in the first quarter of 2017 and is subject to customary closing conditions.

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

The Weil team is led by global Private Equity co-head Douglas Warner and includes Capital Markets partner Jennifer Bensch; 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 (not yet admitted in New York); 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.