5.9k Share this
By P.R. Venkat

A consortium involving private equity firm Carlyle Group and Canada Pension Plan Investment Board is acquiring 125 aircraft from CK Asset Holdings Ltd. for $4.28 billion.

CK Asset said that the Covid-19 pandemic has caused a paradigm shift in the aircraft leasing industry and that the risk and return dynamics had become volatile and unpredictable.

“Following an internal consolidation of the group’s aircraft leasing business, the group considered it an opportune time to exit the aircraft leasing sector and enhance its strategic focus during the pandemic,” it said.

The sale will allow the company to unlock the underlying value of its aircraft portfolio and provide the group with the ability to reallocate capital to other investment opportunities, it said.

The Hong Kong-listed company expects to record a divestment gain of 170 million U.S. dollars.

Write to P.R. Venkat at [email protected]


Source: This post first appeared on http://marketwatch.com/

5.9k Share this
You May Also Like

The Market Is Melting Down and People Are Feeling It. ‘My Stomach Is Churning All Day’

The last time Todd Jones heard this kind of panic in his…

How To Turn Stock Market Volatility Into Lower Taxes

You can catch the recent wave of stock market volatility to lower…

Sixth Circuit Rules Low Income Housing Tax Credit Refusal Rights Are Special

Protest sign that reads, “Housing is a human right” seen in Washington…

Is My Full Retirement Age Earlier Since I’m Receiving Social Security Survivor Benefits?

Ask Larry Economic Security Planning, Inc. Today’s Social Security column addresses questions…

fUSD stablecoin launch and rumors of Cronje’s return send Fantom (FTM) price higher

After a strong 2,000% rally in early 2021, Fantom (FTM) price collapsed…

‘Now And Then’ Actor Manolo Cardona, Creator Ramón Campos Talk About Thrillers And Rise Of Latino Streaming Series

José María Yazpik, Marina de Tavira, Manolo Cardona, Maribel Verdú and Soledad…

Should Bitcoin Or Other Cryptocurrencies Be In Your Retirement Accounts?

Crytpo Getty Images It has been a few years since I’ve written…

Jeff Bezos, Elon Musk Tax Data Leaked Out a Year Ago. IRS Leaders Still Wait for Answers

WASHINGTON—Top U.S. officials who oversee the Internal Revenue Service are expressing growing…