You are here

Cheung Kong makes bid to buy planes from Awas

Group is diversifying into infrastructure; lessor is said to be breaking up its fleet

Mr Li: An acquisition would mark his first major investment in aircraft leasing

[HONG KONG] Li Ka- shing's Cheung Kong Holdings Ltd has made a bid to buy a portfolio of planes from lessor Awas as the Hong Kong billionaire's flagship company diversifies its investments into infrastructure. Cheung Kong has submitted a preliminary, non-binding proposal for the assets, the