Extremely Wealthy
Chinese Tycoon Expands Aviation Empire With $10 Billion Purchase
China’s HNA Group, controlled by billionaire Chen Feng, agreed to buy the aircraft-leasing business of CIT Group Inc. for $10 billion in a deal that would create the world’s third-largest rental fleet. HNA’s Avolon Holdings Ltd. will expand its lineup to 910 aircraft valued at more than $43 billion, including…
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Click here to read the full story: Bloomberg