Aircraft
Avolon Completes CIT Group Aircraft Leasing Buy
Dublin-based company becomes world’s third largest airplane lessor

Dublin-based aircraft lessor Avolon Holdings has closed on its acquisition of the aircraft leasing business of CIT Group, the companies announced on Tuesday. The $10.38 billion deal, negotiations for which the sides first disclosed in December, effectively triples Avalon’s size, making it the third largest aircraft leasing company in the world with a combined fleet of 868 aircraft worth $43 billion.