Shang Hai Zheng Quan Bao·2026-02-27 21:43Transaction Overview - Avolon Holdings Limited, a subsidiary of Bohai Leasing, signed a Master Sale and Purchase Agreement with China Southern Airlines to purchase 10 B787-8 aircraft and 2 GEnx-1B70 spare engines for approximately $532 million [2][6] - The transaction was approved by the company's board with unanimous consent and does not constitute a related party transaction [2][3] - The transaction does not require shareholder approval and is not classified as a major asset restructuring [2] Counterparty Information - The counterparty, China Southern Airlines, was established on March 25, 1995, with a registered capital of approximately 1.81 billion yuan [3] - As of September 30, 2025, China Southern Airlines reported total assets of approximately 340.58 billion yuan and total liabilities of about 283.99 billion yuan [4] Transaction Assets - The assets being purchased include 10 B787-8 aircraft with an average age of approximately 12 years and 2 GEnx-1B70 spare engines, expected to be delivered within 2026 [5][6] Purpose and Impact - The transaction aims to enhance the company's ability to provide diversified fleet solutions to airline customers and improve its market share and competitiveness in the global aircraft leasing industry [7] - The transaction is not expected to adversely affect the company's financial condition or operating results [7]