Terra Firma rejects Chinese bids for jet leasing group: Reuters
British private equity firm Terra Firma has rejected bids from a Chinese company for leasing group AWAS worth up to US$2.2 billion in the latest evidence of attempted deal-making in the aircraft financing business, sources told Reuters. China's HNA Group made two offers for the group, the sources said. Terra Firma and Canada Pension Plan Investment Board (CPPIB) invested in Dublin-based AWAS in 2006. The deal gave CPPIB a 25 percent stake in the company.
16 March 2016•3 mins read
