NWS Holdings announces JV to increase market share in commercial aircraft leasing

NWS Holdings, Chow Tai Fook Enterprises (CTFE) and Aviation Capital Group announced (08-Mar-2016) the formation of a JV, Bauhinia Aviation Capital Ltd (BACL), to engage in the business of purchasing, leasing and selling of commercial aircraft. Under the partnership agreement, NWS Holdings and CTFE hold 40% indirect interest in BACL respectively, and ACG holds the remaining 20% equity interest. The JV has an initial capital of USD600 million and is expected to build a portfolio of around 50 commercial aircraft by targeting young and modern narrowbody aircraft. NWS Holdings CEO Tsang Yam Pui said the company "is confident in the prospects of commercial aircraft leasing business in light of increasing globalisation and demand for air transportation." Aviation Capital Group's portfolio includes 390 owned, managed and committed aircraft, leased to around 100 airlines across 45 countries. [more - original PR - Chinese] [more - original PR]