DEAL TERMSWhat has been disclosed
| Seller | Avolon (Dublin). Owned 70% by Bohai Leasing, Shenzhen-listed |
|---|---|
| Buyer | LAC Leasing Ireland 1, a vehicle Lesha Bank set up for this deal. Lesha Aviation Services will manage the aircraft. Shari'a-compliant platform |
| Announced | September 28, 2026 |
| Value | $1.609B stated in the Bohai filing; final price is subject to negotiation |
| Settlement | Paid aircraft by aircraft as each one transfers; all done by March 31, 2027 |
| Buyer's fleet after closing | Over 75 managed aircraft |
| Lessees, ages, lease terms | NOT DISCLOSED |
PORTFOLIO MIXWhat's in the 33 aircraft
A320ceo
8
737-800
8
A330ceo
5
A321
3
A350
3
737 MAX 8
~2
ERJ190
2
A330neo
1
A320neo family
1
Narrowbody (22)Widebody (9)Regional (2)Inferred count
Sources list "737 MAX 8s" without a count. The ~2 is arithmetic: 22 narrowbodies minus the 20 that are itemized. Treat it as an estimate.
MARKET TAKEAWAY
A Gulf bank paying about $1.6B for a mixed portfolio of mid-life aircraft with leases attached shows continued institutional demand for this kind of asset, which is supportive of 737-800 values and the CFM56-7B engines behind them. With lessees and lease terms undisclosed, the remaining lease lengths will drive how the portfolio is ultimately priced.
CONTEXTRelated 737 activity, Sept 28 – Oct 13
- OCT 13AerFin is offering LEAP-1B engines for sale, lease or exchange, available immediately, along with 737 MAX parts. Pricing not disclosed. MRO Business Today
- OCT 9Avolon places a firm order for 140 737 MAX aircraft, along with 75 A320neos, 35 A330neos and options for 100 more aircraft. The order needs approval from Bohai Leasing shareholders, expected before the end of October. MarketScreener
- OCT 8FTAI and United sign a multi-year engine exchange deal for selected CFM56-7B engines on United's 737NG fleet. FTAI supplies a working engine before each scheduled removal and buys United's worn engine. Terms not disclosed. GlobeNewswire via StockTitan
- OCT 1CDB Aviation delivers the first of four leased 737-8s to Norwegian. Acumen
- SEP 28FTAI buys 27 737-700s from WestJet. Its 2026 SPV takes 17 as a sale-leaseback with WestJet; the other 10 are off-lease and will be used as CFM56-7B engine and module supply. Price not disclosed. Airdata News
Sources: AeroTime (cites the Bohai Leasing filing) · Aviation Week · Acumen Aviation.
Compiled from public reporting for general information. Figures should be independently verified; this is not investment advice. All 737 Market Briefs →