At the extraordinary general meeting held this week, Avolon shareholders voted in favor of the proposal to authorize and approve the previously announced merger agreement with Bohai Leasing.

Avolon’s shareholders also voted in favor of the proposals to amend and restate the company’s memorandum and articles of association and to decrease and amend the company’s authorized share capital, in both cases upon the completion of the merger.

Approximately 87.5% of the company’s total outstanding voting shares voted in person or by proxy at the extraordinary general meeting, with approximately 99.8% of those shares voting in favor of the proposal to authorize and approve the merger and the transactions contemplated by the merger.

The parties currently expect to complete the merger no later than the Q1/16. Upon completion of the Merger, the Company will become a privately held company and its common shares will no longer be listed on the New York Stock Exchange.