Bohai Leasing subsidiary Avolon to acquire 11 A321neo aircraft from Frontier Airlines

Bohai Leasing has approved the purchase of 11 Airbus A321neo aircraft on order from Frontier Airlines through its wholly owned leasing subsidiary, Avolon Holdings Limited, as the company seeks to expand its aircraft portfolio and strengthen its position in the global aircraft leasing market.

The transaction was approved unanimously by Bohai Leasing’s board of directors during an extraordinary meeting held on June 30, 2026.

The aircraft have a combined Airbus 2018 list value of approximately US$1.425 billion, although the companies said the actual purchase price will remain confidential under the terms of the agreement.

The 11 A321neo aircraft are scheduled for delivery between November 2026 and June 2027.

Frontier Airlines, a wholly owned subsidiary of Frontier Group Holdings, currently operates one of the largest Airbus narrowbody fleets in North America. According to the filing, Frontier Group reported US$3.724 billion in revenue and a net loss of US$137 million for 2025.

Bohai Leasing said the acquisition will expand Avolon’s order book, improve its ability to provide fleet solutions to airline customers, and enhance its competitiveness in the global aircraft leasing sector. The company added that the transaction is not expected to have a material adverse impact on its financial condition or operating results.

The transaction does not constitute a related-party transaction or major asset restructuring under Shenzhen Stock Exchange rules and does not require shareholder approval.