In the newest development in the Bohai Leasing/Avolon saga, Bohai extended the expiration of its tender offer to the Irish aircraft leasing company. The extended offer was to purchase 20% of the outstanding common shares of Avolon Holdings at a price of $26.00 per share in cash at the end of the day on September 18, 2015, unless further extended.

In addition, the Investment and Tender Offer Agreement dated July 14, 2015 between Avolon and Bohai has been amended consistent with the parties’ previously announced execution of the Exclusivity Agreement on August 10, 2015.

All other terms and conditions of the tender offer remain unchanged.