newstodate.aero
Aug 29, 2018 (newstodate): Lithuania's largest investor in China AviaAM Leasing has again bolstered its grip on the market through its JV with the Henan Civil Aviation Development and Investment Company, AviaAM Financial Leasing China.
The JV has been expanded with a new strategic partner, the worlds largest insurance and finance group Ping An Insurance Company of China, Ltd.
Finalizing the deal on August 27, 2018, the Chinese finance partner has thus invested 44 million USD in AviaAM Financial Leasing China Co., Ltd. through its relevant investment platforms.
So far, the target of AviaAM Financial Leasing China has been the narrow-body aircraft markets in China and other thriving economies of Asia seeing double-digit air traffic growth and local carriers requiring thousands of new aircraft over the following 15-20 years.
But the new JV partner has already participated in one of the biggest projects of the JV by financing the purchase of a 140 million USD worth Boeing 777 aircraft, thus expanding the scope of business of the Lithuanian/Chinese venture.
The JV has been expanded with a new strategic partner, the worlds largest insurance and finance group Ping An Insurance Company of China, Ltd.
Finalizing the deal on August 27, 2018, the Chinese finance partner has thus invested 44 million USD in AviaAM Financial Leasing China Co., Ltd. through its relevant investment platforms.
So far, the target of AviaAM Financial Leasing China has been the narrow-body aircraft markets in China and other thriving economies of Asia seeing double-digit air traffic growth and local carriers requiring thousands of new aircraft over the following 15-20 years.
But the new JV partner has already participated in one of the biggest projects of the JV by financing the purchase of a 140 million USD worth Boeing 777 aircraft, thus expanding the scope of business of the Lithuanian/Chinese venture.