海航旗下Avolon收購CIT飛機租賃業務

Avolon Holdings, the aircraft leasing company controlled by China’s HNA Group, has agreed to pay $10bn for the rival leasing arm of US-based CIT Group, in a deal that will double the buyer’s size and push it to number three in the industry.

中國海航集團(HNA Group)旗下飛機租賃公司Avolon Holdings已同意以100億美元收購美國競爭對手CIT Group飛機租賃業務。這筆交易將把Avolon的規模擴大一倍，推升到業內第三的位置。

Its deal for CIT raises the value of mergers and acquisitions involving HNA businesses to at least $27bn in the past two years.

與CIT的這筆交易將海航過去兩年參與的併購交易價值提高到至少270億美元。

Following the transaction, Avolon will more than double its fleet from 432 to 910 aircraft, valued at $43bn, the company said. It will finance the acquisition with $8.5bn in debt, $3bn in new equity from its parent Bohai Capital Holding, as well as with its own cash.

Avolon表示這筆交易完成後，其飛機數量將從432架擴充到910架，總價值達430億美元。Avolon將通過自有現金、85億美元的債務，以及母公司渤海金控( Bohai Capital Holding)的30億美元新股爲這筆收購提供資金。

“The transaction doubles our size, in simple terms,” said Avolon chief executive Dómhnal Slattery. “Our shareholder wants us to grow.”

Avolon首席執行官多姆納爾•斯萊特里(Dómhnal Slattery)表示：“簡而言之，這筆交易將讓我們的規模擴大一倍。我們的股東希望我們成長。”

HNA, which bought Avolon for $2.5bn in September last year through its subsidiary Bohai Leasing, will now control the largest leasing fleet in China. Avolon, which was established in 2010, will also move up to number three in the global rankings for aircraft leasing, the company said. AerCap Holdings and GE Capital Aviation Services hold the top two spots in the industry.

海航將擁有中國最大的飛機租賃業務，去年9月海航通過子公司渤海租賃(Bohai Leasing)斥資25億美元收購Avolon。而成立於2010年的Avolon也表示其在飛機租賃行業的排名也將上升到全球第三，該行業的前兩名分別是AerCap Holdings和GE Capital Aviation Services。

CIT shares in New York climbed 9.9 per cent to $40 on the takeover announcement.

這筆收購交易公佈後，CIT在紐約市場的股票上漲9.9%，至每股40美元。

Buying CIT represents the biggest cross-border deal in HNA’s empire building to date, which has included the purchase of airlines, hotels, software distributors and television makers.

在海航迄今的帝國建設中，收購CIT旗下業務是其最大一筆跨境交易，這些交易包括收購航空公司、酒店、軟件分銷商和數字電視業務。

HNA is now one of China’s most acquisitive companies, conducting 35 deals worth at least $27bn — including the CIT purchase — since the start of 2015, according to data from Dealogic.

海航現在是中國收購意願最強的公司之一，據Dealogic的數據，包括與CIT的交易在內，該公司自2015年以來已進行了35筆交易，價值至少在270億美元。

Chen Feng, HNA’s chairman, said in July the buying spree was set to continue. So far, the group’s strategy has centred on revenue streams from Chinese tourists overseas, through interests in airlines, infrastructure and hospitality.

海航集團董事局主席陳峯在今年7月表示將繼續這股收購熱潮。到目前爲止，海航的戰略主要集中在中國遊客出境旅行的收益流上，來源包括航空公司、基礎設施和酒店業的收益。