Shareholders at aircraft leasing firm Avolon have voted in favour of a €2.5 billion merger agreement with Bohai Leasing.
Bohai Leasing is a unit of Chinese aviation and shipping conglomerate HNA Group.
About 87.5% of Avolon's shareholders voted in person or by proxy at today's extraordinary general meeting. About 99.8% of those shares voted in favour of the proposal to authorise and approve the merger deal.
The deal is expected to be completed no later than the first quarter of 2016, subject to conditions being satisfied.
Upon completion of the merger, Avolon will become a privately held company and its common shares will no longer be listed on the New York Stock Exchange.
Avolon, founded by leasing entrepreneurs Dómhnal Slattery and John Higgins in 2010, went public last December.
The company had owned, managed and committed fleet of 258 aircraft serving 56 customers in 33 countries as of September 2015.
