Hong Kong Aviation closes acquisition of key Allco unit

Hong Kong Aviation acquired the key aircraft-leasing business of Allco Finance from the company's receivers. A sale agreement was reached in May, but closing was delayed as the parties waited for approval from 29 nonrecourse lenders. "It has taken a little longer than expected," said Allco receiver Peter Gothard of Ferrier Hodgson.

View Full Article in:

Age (Melbourne, Australia), The · FlightGlobal.com (U.K.)