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Sep 10, 2014

Li Ka-shing in talks for aircraft leasing JV with Mitsubishi arm – sources

SINGAPORE, Sept 10 (Reuters) – Asia’s richest man, Li
Ka-shing, aims to become a force in the global aircraft leasing
business as his flagship investment firm holds talks with a
number of lessors on building up a portfolio of planes, people
with direct knowledge of the matter said.

In what could be part of a series of deals, the Hong Kong
tycoon’s Cheung Kong (Holdings) Ltd is in discussions
to form a joint venture with Mitsubishi Corp’s leasing
arm MC Aviation Partners, one of the executives said.

Sep 8, 2014

Indonesia’s Lippo targets hospitals, retail in up to $5 billion SE Asia expansion

SINGAPORE (Reuters) – Indonesian conglomerate Lippo Group is looking to invest up to $5 billion in healthcare, food retailing and telecoms mainly in the Philippines, Vietnam and Myanmar over the next three to five years, its top executive said.

“Partly, it’s diversification, but partly also new growth markets,” James Riady, chief executive of one of the biggest conglomerates in the country, told Reuters in an interview on Monday.

Sep 7, 2014

State support for job cuts boosts prospects of latest Malaysia Airlines plan

SINGAPORE, Sept 8 (Reuters) – The plan to save Malaysia
Airlines (MAS) could succeed where past endeavours
have failed because the government has finally put politics
aside by agreeing to sweeping job cuts, people briefed on the
restructuring told Reuters.

The job cuts – if they are followed through – would mark a
departure from previous attempts to restructure the loss-making
airline, which has for years operated with bloated staff numbers
amid political pressure from unions.

Sep 4, 2014

Macquarie, Orix among suitors for $5 billion Awas aircraft portfolio – sources

SINGAPORE/NEW YORK (Reuters) – Australia’s Macquarie Group Ltd and Japan’s Orix Corp are among a handful of companies exploring binding offers for the $5 billion (3.04 billion pounds) aircraft portfolio being sold by Dublin-based lessor Awas, people familiar with the matter said.

Macquarie’s aircraft leasing subsidiary Macquarie AirFinance, and Orix Aviation, part of the Japanese financial group, are set to compete against other Asian parties bidding for the asset, including Cheung Kong Holdings Ltd, which has previously confirmed its interest.

Sep 4, 2014

Macquarie, Orix among suitors for $5 bln Awas aircraft portfolio: sources

SINGAPORE/NEW YORK (Reuters) – Australia’s Macquarie Group Ltd (MQG.AX: Quote, Profile, Research, Stock Buzz) and Japan’s Orix Corp (8591.T: Quote, Profile, Research, Stock Buzz) are among a handful of companies exploring binding offers for the $5 billion aircraft portfolio being sold by Dublin-based lessor Awas, people familiar with the matter said.

Macquarie’s aircraft leasing subsidiary Macquarie AirFinance, and Orix Aviation, part of the Japanese financial group, are set to compete against other Asian parties bidding for the asset, including Cheung Kong Holdings Ltd (0001.HK: Quote, Profile, Research, Stock Buzz), which has previously confirmed its interest.

Aug 26, 2014

Rising North American plane demand boosts leasing market: BOC Aviation

SINGAPORE (Reuters) – A pick-up in North America’s aviation market is providing a boost for the leasing industry as demand from Southeast Asian airlines starts to slow, according to the head of BOC Aviation, Asia’s second-biggest aircraft lessor.

“Now, what we are particularly seeing is the growth rate has picked up in North America,” Robert Martin, chief executive and managing director of the fully-owned leasing subsidiary of Bank of China Ltd (601988.SS: Quote, Profile, Research, Stock Buzz), told Reuters in an interview.

Aug 25, 2014

BOC Aviation orders Boeing planes worth $8.8 billion

SINGAPORE (Reuters) – BOC Aviation, the leasing arm of Bank of China (601988.SS: Quote, Profile, Research, Stock Buzz), has placed the biggest order in its 20-year history for 80 Boeing (BA.N: Quote, Profile, Research, Stock Buzz) medium-haul passenger planes, weeks after lessor SMBC Aviation ordered 115 Airbus jets.

The shopping spree by leasing companies comes as they ride a boom in aviation financing and see strong demand from airlines. Seeking to keep lean balance sheets, airlines are increasingly turning to lessors to upgrade fleets to fuel-efficient aircraft.

Aug 21, 2014

AirAsia seen gaining from expected MAS restructuring as Q2 results improve

KUALA LUMPUR/SINGAPORE, Aug 21 (Reuters) – AirAsia Bhd’s
second-quarter results point to early signs of a
recovery in the Malaysian market with a planned restructuring by
Malaysian Airline System Bhd (MAS) expected to lead to
lower capacity in the sector.

Malaysian carriers have been caught in a price war over the
past few years as both MAS and AirAsia have added seat capacity
to retain market share. Last year’s entry of Malindo, an
affiliate of Indonesia’s Lion Group, put further pressure on
yields. Analysts now expect struggling MAS to cut domestic
capacity, thus easing pressure on the industry.

Aug 19, 2014

AirAsia denies report it weighing a bid for Japan’s Skymark

SINGAPORE (Reuters) – Malaysia’s AirAsia Bhd (AIRA.KL: Quote, Profile, Research, Stock Buzz) dismissed a media report that it is weighing a bid for Japan’s embattled Skymark Airlines Inc (9204.T: Quote, Profile, Research, Stock Buzz), saying it is focused on a budget airline it is setting up with Japanese partners.

The Nikkei business daily said AirAsia, the region’s most aggressive budget airline, is in talks with financial institutions on a possible tender offer for the low-cost carrier – sending shares in Skymark surging 28 percent.

Aug 6, 2014

Indonesia’s Lion Group breaks into aircraft leasing industry

SINGAPORE, Aug 6 (Reuters) – Indonesia’s Lion Group, which
boasts an order backlog of about 500 Boeing and Airbus
aircraft, has clinched the first deal for its leasing
subsidiary in a key diversification move for one of the world’s
fastest-growing airlines.

Two years after setting up shop in Singapore, Transportation
Partners (TP) has signed a deal to lease three new Boeing
737-800 planes to 9 Air, the low-cost airline of China’s Juneyao
Airlines, TP’s chief operating officer told Reuters.

    • About Anshuman

      "Anshuman Daga has been with Reuters since 13 years, most of that tracking companies and equity markets. After joining in Mumbai, Anshuman did a stint in India's technology hub of Bangalore and then spent a few years covering European stock markets in London. He moved to Singapore in 2008, with a focus on news coverage of Southeast Asia and technology stories from Asia."
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