Hong Kong Aviation completes acquisition of Allco Aviation business and assets

Hong Kong Aviation Company (“HKAC”), a leading investor in the global aviation sector, has successfully completed the acquisition of the Allco Aviation business and assets from the Receiver of the Sydney, Australia based Allco Finance Group. The Allco Finance Group went into Receivership in November 2008. Financial terms of the transaction have not been disclosed. HKAC now owns interests in and will manage all relevant aircraft within the former Allco aviation portfolio.