三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

US EUROPE AFRICA ASIA 中文
Business / Companies

Cheung Kong in aviation lift-off

By Bloomberg (China Daily) Updated: 2014-11-06 07:56

Cheung Kong in aviation lift-off

The Hong Kong International Airport on the island of Chek Lap Kok. The planes being purchased by Cheung Kong Holdings Ltd are leased to airlines for an average six to nine years. [Photo / Provided to China Daily] 

Real estate giant hopes to cash in on boom in Asia's travel industry

Hong Kong billionaire Li Ka-shing's Cheung Kong Holdings Ltd has agreed to pay $1.89 billion to buy 35 planes from companies including General Electric Co's aviation services unit to enter the aircraft leasing market.

Cheung Kong will also form a 60-40 venture with Japan's MC Aviation Partners Inc to buy an additional 15 planes for $733.5 million, according to a filing to Hong Kong Stock Exchange on Tuesday.

Cheung Kong in aviation lift-off
Cheung Kong (Holdings) net profit up 59% to HK$21b 
Cheung Kong in aviation lift-off
 Top 10 wealthiest people of Chinese origin

Considered Asia's richest man, Li is entering the market as increasing urbanization and a growing middle class are fueling a surge in travel demand across the world's most populous continent.

Cheung Kong said in August it was seeking to buy planes from Terra Firma Capital Partners Ltd's Awas arm to quickly build a major presence in the business.

"The aircraft leasing business will generate long-term steady income for the group," Cheung Kong said in the filing. The purchases "will constitute a meaningful platform to further develop the aircraft ownership and leasing business for the group".

Cheung Kong is mainly a real estate investor and developer. Its unit Hutchison Whampoa Ltd has worldwide operations ranging from port operations to retailing, from energy to telecommunications.

The Hong Kong company said it will pay $132 million for its stake in the venture with MC Aviation. Through its unit Accipiter Holdings Ltd, Cheung Kong will buy 18 planes from subsidiaries of GE Capital Aviation Services Ltd for $714.8 million, according to the filing.

The 11 Airbus Group NV A320-200s, five Boeing Co 737-800s and two 737-900ERs have an average age of 3.1 years. Accipiter will buy an additional three 737-800s from GE affiliates for $101.2 million.

Cheung Kong has also agreed to buy 10 planes from Bank of China Ltd's BOC Aviation Pte in two purchases, of $213.3 million and $278.7 million, and will pay $584.2 million to Jackson Square Aviation LLC for 14 planes, according to the filing.

The planes being purchased are currently leased to airlines for an average six to nine years.

The number of air passengers traveling in Asia is projected to expand an average 4.9 percent annually in the next 20 years, a rate rivaled only by the Middle East, according to an International Air Transport Association study last month. China is expected to be the largest driver, growing 5.6 percent a year.

Cheung Kong said on Aug 4 that it had submitted a preliminary, non-binding proposal to buy planes from Awas, without providing details. Awas plans to break up its fleet of about 280 planes and sell about 100 newer aircraft for as much as $5 billion, people with knowledge of the matter told Bloomberg News.

China Aircraft Leasing Group Holdings Ltd became the first smaller-scale aviation company in Asia to go public in July, and said it plans to expand across Asia even as it relies on China for most of its business. The country has said it will encourage its other lessor players to look for opportunities overseas.

AVIC Capital Co said in August that its financing arm, Aviation Industry Corp of China, is in talks with "relevant parties" to buy Dublin-based aircraft-leasing firm Avolon Holdings Ltd.

Airlines globally will buy aircraft worth $4.4 trillion in the next two decades as more Indians and Chinese fly, Airbus said last year.

Asia will push commercial plane sales to $5.2 trillion over the next 20 years as China overtakes the US as the world's largest aviation market, Boeing said earlier this year.?

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 97se亚洲综合在线韩国专区福利 | 午夜特级毛片 | 黄污视频在线看 | 国产成人久久精品区一区二区 | 永久免费视频v片www | 色婷婷激情综合 | 国产欧美日韩精品第三区 | 国产精品久久久精品视频 | 国产精品午夜在线播放a | 国产噜噜噜视频在线观看 | 国产精品乳摇在线播放 | 成人免费在线网站 | 日日好吊妞 | 美国一级黄色片 | 成人国内精品久久久久影院 | 深夜精品影院18以下勿进 | 在线观看亚洲专3333 | 国产一级片儿 | 国产一级a毛片 | 91精品乱码一区二区三区 | 国产主播在线看 | 欧美黄色影视 | 欧美亚洲性色影视在线 | 杨幂丝袜国产福利视频 | 欧美特黄特色aaa大片免费看 | 日韩欧美国产精品 | 日韩欧美一区二区三区免费看 | 一区二区三区欧美视频 | 久久在线免费视频 | 亚洲码一区二区三区 | 福利视频在线观看免费版 | 国产伦精品一区二区三区免费 | 国产成人一区二区三区在线视频 | 成人网在线播放 | 日韩欧美一区二区三区免费观看 | 91国内精品久久久久怡红院 | 国产亚洲精品日韩综合网 | 99re66精品视频在线观看 | 国产精品自在线拍国产 | 日韩一级不卡 | 国产精品毛片 |