According to a recent Reuters report, private equity firm Terra Firma rejected two bids from a Chinese company for leasing group AWAS worth up to $2.2 billion. This is the latest evidence of attempted dealmaking in the aircraft financing business, two people familiar with the matter told Reuters.

Reuters reported China’s HNA Group made two offers for the leasing company after buying Ireland’s Avolon Holdings through its Bohai Leasing arm last year for about $7.6 billion, the people said.

The total AWAS deal value including debt would be over $7 billion, Reuters said. A spokesperson for China’s HNA Group denied to Reuters any knowledge of the AWAS bids.