Orix acquired a 30% stake in Avolon from HNA Group for $2.2bn.

Orix, a financial services group, acquired a 30% stake in Avolon, the international aircraft leasing company, from HNA Group for $2.2bn. The addition of ORIX, an investment grade institution, diversifies and strengthens the financial profile of Avolon's shareholder base and facilitates positive credit rating momentum. Additionally, the new governance structure enhances protections for minority shareholder and debt investors. “The acquisition of the 30% shareholding in Avolon is a significant step forward by ORIX Aviation in expanding ORIX’s commitment within the Global aircraft leasing market. ORIX Aviation will continue to enhance and grow its unique third‐party asset management platform and trading platform whilst achieving continued sustainable growth through this strategic investment” David Power, CEO of ORIX Aviation.