WestdeutscheLandesbank (WestLB) has agreed to buy Boullioun Aviation Services, a major operating lessor, from Deutsche Bank AG for an undisclosed amount. WestLB is already an aircraft financier that emphasises finance leases and debt lending. Boullioun will boost its presence in the operating lease business. According to Boullioun, WestLB has endorsed its current management team and growth strategy, which is based on firm orders for delivery of 60 more jets over the next eight years.
Source: Airline Business
