leasing

Japan’s Orix rejects taking over aircraft leasing JV with HNA

HONG KONG — Japanese financial group Orix has quashed speculation that it could increase its stake in Avolon Holdings, the aircraft leasing business where it is a minority owner alongside HNA Group, the cash-strapped Chinese conglomerate.

Ireland-based Avolon is considered to be one of the assets that HNA, which has now been placed under state control, could sell as it tries to steady its finances.

However Orix, which owns 30% of Avolon, ruled out interest in raising its ownership. The non-bank financial conglomerate told the Nikkei Asian Review in an emailed reply on Thursday that it “is not considering additional

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Plane leasing industry faces difficult landing as passengers shun flights

With demand for aircraft growing at roughly 4pc year and the global fleet rising to about 27,000 airliners today, the model has been a pretty good deal, according to Rob Morris, head of consultancy at aerospace data company Cirium.

“Airlines needed more aircraft and ALCs delivered then,” he says. “It took risk off carriers’ balance sheets, while ALCs had a dollar asset that was mobile. The thinking was that if there was a problem in with one airline or one region, the aircraft could be flown to somewhere without trouble.”

A decade ago, there were about 50 ALCs – mostly

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