Bohai Leasing subsidiary acquires aircraft assets for approximately $532 million

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Radar Finance | Written by Feng Xiuyu | Edited by Li Yihui

On February 27, Bohai Leasing Co., Ltd. (000415) announced that its controlling subsidiary, Avolon Holdings Limited, purchased 10 B787-8 aircraft and 2 GEnx-1B70 spare engines from China Southern Airlines through its subsidiary. The market value of the assets involved in the transaction is approximately $532 million, with the actual purchase price to be determined based on bidding results from the property rights exchange.

This transaction has been approved by the company’s tenth extraordinary board meeting in 2025 and does not require shareholder approval. The delivery of the assets is expected to be completed within 2026. The purpose of this transaction is to strengthen the company’s market position and competitiveness in the global aircraft leasing industry.

According to Tianyancha, Bohai Leasing was established on August 30, 1993, with a registered capital of 6,184,521,282 RMB. The legal representative is Jin Chuan, and the registered address is No. 93, Yellow River Road, Shayibake District, Urumqi, Xinjiang. Its main business includes leasing services and manufacturing of aircraft, containers, domestic infrastructure, high-end equipment, commercial properties, and new energy.

Currently, the company’s chairman is Liu Lu, the secretary of the board is Wang Jiawei, and it employs 580 people.

The company has stakes in 13 subsidiaries, including Hainan Hailong Investment Co., Ltd., Cronos Ltd., Seaco SRL, Hong Kong Bohai Leasing Asset Management Co., Ltd., Tianjin Aviation Financial Services Co., Ltd., and others.

In terms of performance, the company’s operating income for 2022, 2023, and 2024 was 31.922 billion RMB, 33.675 billion RMB, and 38.431 billion RMB, respectively, with year-over-year growth of 19.15%, 5.49%, and 14.12%. Net profit attributable to shareholders was -1.986 billion RMB, 1.281 billion RMB, and 904 million RMB, with year-over-year changes of -61.22%, 164.50%, and -29.45%. During the same period, the company’s asset-liability ratio was 83.59%, 82.56%, and 82.97%.

Regarding risks, Tianyancha data shows the company has 1,146 internal Tianyan risks, 834 surrounding risks, 73 historical risks, and 218 warning risks.

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