Caixin
Dec 24, 2021 02:27 PM
BUSINESS

CK Asset Exits Aircraft Leasing Business With $4.3 Billion Sale

The Cheung Kong Center building in Hong Kong, which houses the head offices of CK Asset Holdings. Photo: Bloomberg
The Cheung Kong Center building in Hong Kong, which houses the head offices of CK Asset Holdings. Photo: Bloomberg

(Bloomberg) — CK Asset Holdings Ltd. said it’s exiting the aircraft-leasing sector due to a “paradigm shift” caused by the coronavirus pandemic, selling two indirect wholly-owned subsidiaries to Maverick Aviation Partnership LP for nearly $4.3 billion.

The company is selling Accipiter Finance for about $2.4 billion and Manchester Aviation Finance for around $1.8 billion, according to a filing to the Hong Kong stock exchange Friday. The first sale involves 74 aircraft and their leases and the second involves 51. Both also include planes on order.

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