M&A deals rising in China plane leasing market
Renting out aircraft to airlines is proving to be more lucrative than flying one
Beijing
CHINA is making the aircraft-leasing business a popular destination for mergers and acquisitions.
Plane-leasing companies in China have been involved in more than US$16 billion worth of acquisitions since last year, according to figures compiled by Bloomberg. In addition, billionaire tycoons such as Li Ka-shing, Hong Kong's richest man, have entered the industry during that period.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Cruise operator Norwegian lifts 2024 profit view, but Q1 sales miss hits shares
China’s electric cars keep improving, a worry for rivals elsewhere
Singapore Airlines could post highest-ever earnings of about S$2.7 billion for FY2024, says analyst
Tesla axes most of Supercharger team in blow to other automakers
Carnival’s Princess brand revises 2025 world cruise routes amid Red Sea tensions
More than 800 Hyundai, Kia EVs in Singapore to undergo recall for electronics fault