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Bloomberg: HNA Group Puts CIT Aircraft Leasing on Block

November 29, 2018, 07:20 AM
Filed Under: Aircraft Leasing
Related: Aircraft Leasing, CIT

Bloomberg reports HNA Group Co. is putting more of its aviation and property assets up for sale, including CIT Aircraft Leasing, the airline leasing business purchased from CIT Group Inc. for more than $10 billion. The Chinese conglomerate is marketing more than $40 billion of domestic and international holdings to reduce its debt load.

Updated lists sent to potential buyers and seen by Bloomberg News included more than 90 assets in China, the U.S. and U.K. HNA is seeking buyers for all its overseas aviation and logistic holdings -- purchased with more than $33 billion since 2010 -- a person familiar with the group’s sales pitch said. The firm’s management has not decided if it will attempt to sell the assets as a package, or negotiate with bidders separately on each one, the person said, asking not to be named because the information is private.

See the full article here.





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