AviaAM Leasing, a global aviation holding company engaged in commercial aircraft acquisition, leasing and sales, has announced that its joint venture with the Henan Civil Aviation Development and Investment Company (HNCA) – AviaAM Financial Leasing China Co., has gained a new strategic partner. It is insurance and finance group Ping An Insurance (Group) Company of China.
The giant of the Chinese finance industry has invested US$44 million (around €38 million) to AviaAM Financial Leasing China Co., through its relevant investment platforms. The transaction was finalized on August 27, 2018.
The bank belonging to Ping An group has already participated in one of the biggest projects of the joint venture by financing the purchase of a Boeing 777 aircraft, worth US$140 million, powered by GE90-115B engines.
