Bohai to buy jet leasing firm in US
By Zhu Wenqian | China Daily | Updated: 2016-12-23 07:30
Company will be world's third largest aircraft leaser following this and spate of recent deals
Bohai Capital Holding Co Ltd, a Chinese finance leasing company, plans to fully acquire US commercial jet leasing firm C2 Aviation Capital for $10 billion in cash, according to a statement from Bohai Capital.
Shares of Shenzhen-listed Bohai Capital resumed trading on Thursday, and the stock surged to the 10 percent daily limit and closed at 7.9 yuan ($1.14). The stock's trading has been suspended since September. It is reported that the deal is expected to close in early 2017.
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