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Billionaire Cheng Bolsters Aviation Assets With Leasing Purchase

By Tony Seruga

Cheng’s Goshawk to buy Dublin-based Sky Leasing from investors
Boom in global air travel fueling demand for leased planes

Hong Kong’s billionaire Cheng family, best known for its Chow Tai Fook Jewellery Group, is expanding its aviation business with the purchase of an aircraft leasing firm in Ireland.

Goshawk Aviation Ltd., owned by Chow Tai Fook Enterprises Ltd. and NWS Holdings Ltd., agreed to buy a unit of Sky Aviation Leasing International L.P. that has grown into a $3 billion business, according to a June 21 statement from investment groups selling the asset. The deal, whose value wasn’t disclosed, is subject to regulatory approvals and set to close in the third quarter…

Billionaire Cheng Bolsters Aviation Assets With Leasing Purchase

Categories : Private Equity

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