Primus co-founder in aircraft leasing club deal
During a week in which it emerged that Primus Financial Holdings was no more, two of its co-founders reemerged in new guises. First, Dexia announced that it was in exclusive negotiations with GCS Capital, a financial services-focused PE firm run by GuocangHuan, over the sale of its asset management arm. Then, P3 Investments, an entity controlled by Wing-fai Ng, joins a Chinese consortium in acquiring a majority interest in American International Group’s aircraft leasing unit.
The latter transaction is particularly interesting as it points to a wider trend of Asian investors snapping up private jet interests globally. P3 has teamed up with New China Trust and China Aviation...
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