Hong Kong Aviation Capital Co., the plane lessor backed by China’s Hainan province, plans to raise as much as $4 billion to buy aircraft on rising domestic demand and rebounding global air travel.
The company, which owns 68 planes, intends to double its fleet within 18 months, Chief Executive Officer Mathis Shinnick told reporters yesterday in Hong Kong. It will raise money through sources including debt and private equity.
Parent HNA Group Co. this week agreed to inject the leasing unit into Hong Kong-listed Lung Cheong International Holdings Ltd. to widen access to capital markets. The value of China’s leased fleet could surpass......
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