Bohai Leasing's Avolon Partners with International Capital to Launch Constellation Aviation Platform

Bohai Leasing announced on November 3 that its controlled subsidiary Avolon will establish an aircraft leasing asset investment platform, Constellation Aviation, with an investment vehicle managed by I Squared Capital and an indirectly wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA).

The platform will initially acquire 22 aircraft leasing assets with attached leases from Avolon, with a market reference value of approximately US$1.398 billion (about RMB 9.396 billion). The portfolio comprises 16 narrowbody aircraft (Boeing 737-800, 737 MAX; Airbus A320neo, A321neo, A321ceo), five widebody aircraft (Boeing 787-9; Airbus A330neo, A350), and one regional aircraft (ERJ190), with an average age of about 5.2 years and average remaining lease term of about 8.3 years as of June 30, 2026. Avolon will continue to serve as the platform's exclusive aircraft asset manager.