Hainan Airlines link up with PE firm to invest in leasing market

Dino D'Amore
By Dino D'Amore October 7, 2010 16:42

Hainan Airlines link up with PE firm to invest in leasing market

Hainan Airlines and private equity firm Tianjin Yanshan Investment Management intend to launch China’s first private equity fund that invests in the aircraft leasing industry.

Hainan Airlines will invest RMB 500 million in the fund, while Tianjin Yanshan Investment, a subsidiary of state-owned China Ocean Aviation Group, is set to contribute RMB 3 million. The deal was announced in a filing with the Shanghai Stock Exchange. The fund aims to raise RMB 5 billion and target an annualized investment return of at least 10%.

Dino D'Amore
By Dino D'Amore October 7, 2010 16:42
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