AWAS put on block, pitched to Chinese, other lessors: Reuters
Dublin-based AWAS has been put up for sale by its private equity owners in an auction that could value the aircraft lessor at US$7 billion, including debt, and draw bids from Chinese lessors and other Asian investors, sources told Reuters. Terra Firma and Canada Pension Plan Investment Board acquired AWAS in 2006 for about US$2.5 billion. Potential buyers include the aviation leasing company backed by Hong Kong billionaire Li Ka-shing, the aircraft leasing arm of China's Ping An Insurance Group, and other Asian lessors. Pension funds may also show interest.
5 December 2016•3 mins read
