Boyu Capital Agrees to Acquire Xiamen Aircraft Leasing

Boyu Capital has agreed to acquire Xiamen Aircraft Leasing Co., with the transaction targeted to close by the end of the year, according to a Bloomberg report citing people familiar with the matter.

The agreement by the Asia-focused investment firm comes after competitive interest from other financial institutions, positioning Boyu to take over an extensive aviation portfolio as global aircraft supply chains and leasing demand face continued scrutiny.

Timeline and Prior Bidding Interest

Negotiations and due diligence have led the companies to work toward finalizing the acquisition before the end of this year, according to the Bloomberg report.

The transaction follows exploratory efforts initiated when Xiamen Aircraft hired an adviser to evaluate strategic alternatives and a potential sale. During that process, other prominent investment firms, including Bain Capital, evaluated potential bids before Boyu ultimately secured the agreement.

Scope of the Xiamen Aircraft Portfolio

Xiamen Aircraft Leasing operates across multiple segments of the aviation and asset management sectors, managing an inventory that includes commercial aircraft, engines, and helicopters.

The company's business lines encompass several specialized aviation services:

• Aircraft and engine trading and direct leasing
• Sale-and-leaseback transactions for commercial carriers
• Passenger-to-freighter aircraft conversions
• End-of-life asset recycling and teardown services

What Is at Stake for Aviation Asset Markets

The acquisition highlights ongoing private equity interest in aviation leasing platforms as airlines seek liquidity and fleet modernization solutions. By acquiring Xiamen Aircraft, Boyu Capital gains an established footprint in the aircraft financing and asset management market, tying its portfolio growth to the broader recovery and expansion of commercial aviation fleets across the region.