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Hong Kong billionaireto Buy $1.89 Billion of Planes to Enter Leasing

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Hong Kong billionaire Li Ka-shing’s Cheung Kong Holdings Ltd. (1) agreed to pay $1.89 billion to buy 35 planes from companies including General Electric Co.’s aviation services unit to enter aircraft leasing. Cheung Kong will also form a 60-40 joint venture with MC Aviation Partners Inc. that will buy an…

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