Avolon Holdings Limited, the Irish subsidiary of Bohai Leasing, has secured unanimous board approval to acquire 11 Airbus A321neo aircraft originally ordered by Frontier Airlines, with deliveries scheduled progressively between November 2026 and June 2027. The transaction, valued at approximately $1.425 billion based on Airbus’s 2018 catalogue price, shifts ownership rights of these narrowbody jets from Frontier to Avolon’s portfolio, strengthening Bohai’s order reserves and enhancing its position as the world’s second-largest commercial aircraft leasing company. Frontier now awaits delivery of 142 A321neos following its July 2021 order, while Avolon secures these specific slots to provide diversified fleet solutions in a high-demand leasing market.