Two Chinese Firms in Fight for AWAS Aviation Capital

According to China Daily, ICBC Leasing and Aviation Industry Corp of China have expressed interest in purchasing AWAS Aviation Capital, a Dublin-based aircraft leasing company.

Citing sources familiar with the matter, China Daily said the sale of AWAS could generate more than $5 billion, with AWAS holding more than 250 commercial planes in its portfolio.

AWAS is being sold by 75% stakeholder Terra Firma Capital Partners with the help of Deutsche Bank and Goldman Sachs, said China Daily.

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