After being on the market since mid-2004, German bank WestLB has agreed to sell aircraft lessor Boullioun Aviation Services to Pacific Life, the parent of US lessor Aviation Capital Group, for about $2.5 billion. The combined companies will have a fleet value of $4.4 billion, based on the Airline Business ranking of global lessors, making it the industry's fifth largest lessor after ILFC, GECAS, CIT Group and Boeing Capital.

Source: Airline Business