CK Asset Holdings, the Hong Kong conglomerate founded by the city’s richest man, has agreed to sell its aircraft leasing businesses for a total of $4.28bn, as it draws back from an industry hit hard by the coronavirus pandemic.
An investment company managed by Carlyle Group will purchase CK Asset’s aircraft assets, said the Hong Kong company in a statement on Friday.
The sale comes as the Omicron coronavirus variant has upended the aviation sector and clouded the outlook for the international travel industry just as parts of the world were beginning to open up.
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