M&A deals rising in China plane leasing market
Renting out aircraft to airlines is proving to be more lucrative than flying one
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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.
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