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CK Asset Exits Aircraft Leasing Business With $4.28 Billion Sale

  • Carlyle-owned Maverick Aviation to buy 125 aircraft from units
  • Covid-19 has caused a ‘paradigm shift’ in business, CK says
The Cheung Kong Center building, which houses the head offices of CK Asset Holdings, in Hong Kong. 

The Cheung Kong Center building, which houses the head offices of CK Asset Holdings, in Hong Kong. 

Photographer: Paul Yeung/Bloomberg

CK Asset Holdings Ltd. said it’s exiting the aircraft-leasing sector due to a “paradigm shift” caused by the coronavirus pandemic, selling two indirect wholly-owned subsidiaries to Maverick Aviation Partnership LP for $4.28 billion.

The company is selling Accipiter Finance for about $2.44 billion and Manchester Aviation Finance for $1.84 billion, according to a filing to the Hong Kong stock exchange Friday. The first sale involves 74 aircraft and their leases and the second involves 51. Both also include planes on order.