Reuters reported, citing sources familiar with the matter, CIT Group initiated the sale of its aircraft leasing assets by inviting more than a dozen entities to consider bidding, including China’s HNA Group, Industrial and Commercial Bank of China’s ICBC Leasing and Japan’s Orix as well as Century Tokyo Leasing, CDB Leasing and some global pension funds and insurers.

Reuters said, citing the sources, the proposed sale could ended up being worth somewhere between $3 billion and $4 billion.

Reuters noted CIT has fleet of more than 350 planes valued at approximately $11 billion and about 100 customers.