Bohai Leasing has made another move to strengthen its global standing in the aircraft leasing sector, as it has entered into an agreement with Irish aircraft leasing company Avolon. Under the agreement, Bohai will make a cash tender offer for 20% of the outstanding common shares of Avolon at a price of $26 per common share. The transaction, which will become available at the end of the month, is open to all Avolon shareholders.

The $26 price point represents a 14.5% premium to Avolon’s weighted average price from last week and an even greater jump (305) on its initial public offering at $20 a share in December of last year.

““The acquisition of a 20% stake in Avolon by Bohai, at a premium to our current share price, reflects their confidence in the outlook for the sector, the attractiveness of the Avolon investment case and the strength of our global franchise,” said Avolon CEO Dómhnal Slattery. “We are proud to welcome Bohai as a strategic investor in Avolon and look forward to developing our relationship with both Bohai and the broader HNA Group.”

The agreement comes just a day after Bohai arranged $300 million for its subsidiary Hong Kong Aviation Capital, as it continues to build its brand at a global level.