Avolon Holdings Ltd (AVOL) Sold To Chinese Firm Following Seven Week Courtship

Page 2 of 2

In its financial results for the second quarter the aircraft leasing company managed to beat both the top and bottom line estimates of analysts, as it delivered EPS of $0.75 against the expected $0.71 and revenues of $183.91 million, which not only beat expectations by $3.29 million, but were also 38.2% higher on a year-over-year basis. Even though the stock is now trading close to the transaction price, it is still valued relatively cheaply, having a forward earnings multiple of just 8.55. Thus, it appears Bohai has landed itself a good deal, while a few hedge funds have also made a nice little profit for themselves.

Disclosure: None

Page 2 of 2