Cheung Kong has signed four separate deals, announced this week, to purchase up to 60 aircraft from several lessors and set up a new joint venture leasing business in Hong Kong with MC Aviation Partners (MCAP). Cheung Kong has signed a Conditional Sale Agreement with GECAS to purchase a total of twenty-one aircraft for $714.8million. The portfolio comprises 11 A320-20s, five 737-800s and two 737-900ERs currently leased to a total of nine different commercial airlines with an average remaining lease term of 6.5 years. The average age of the CSA Aircraft is 3.1 years. The company has also bought the
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