Avolon provided aircraft leases and lease management services to airlines around the world, primarily focused on the acquisition of the latest generation of narrow-body, fuel efficient aircraft for which there was a liquid market in the resilient short-haul and economy markets.

Avolon was listed on the NYSE in December 2014. In August 2015, Avolon entered into an exclusive agreement with Bohai Leasing to acquire 100% of the issued and outstanding common shares of Avolon. Cinven fully realised its investment when Avolon announced the completion of its merger with Bohai Leasing in January 2016.