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Citi trying to sell Allco Aviation
06 January 2009
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Citi
Allco Aviation
Allco Finance Group
AFG
Allco
aircraft leasing
Citi has been mandated to arrange the sale of Australian aircraft leasing company Allco Aviation and has sent out a brief document outlining the lessor's portfolio to encourage bidders. Allco Finance Group went into administration in November 2008.
The aircraft leasing business consists of 68 aircraft, of which it owns 31, valued at just over $3.1 billion. This has been financed by extensive...
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