Another real estate firm moves into aircraft leasing

摘要

The downturn in the Chinese and global real estate markets has driven two Hong Kong companies owned by tycoons Li Ka-shing and Cheng Yu-tung to diversify into the aircraft leasing business. Cheung Kong Holdings recently restructured its aviation businesses, bringing lessor Accipiter and MC Aviation Partners joint venture Vermillion under the ownership of Cheung Kong Property in a bid to streamline the aviation business and give it more access to cash.