Australia's Macquarie Group Ltd and Japan's Orix Corp are among a handful of companies exploring binding offers for the $5 billion aircraft portfolio being sold by Dublin-based lessor Awas, people familiar with the matter said. Macquarie's aircraft leasing subsidiary Macquarie AirFinance, and Orix Aviation, part of the Japanese financial group, are set to compete against other Asian parties bidding for the asset, including Cheung Kong Holdings Ltd, which has previously confirmed its interest.Other bidders include Hong Kong Aviation Capital, which is owned by China's HNA Group and Bohai Leasing Co. Ltd , and SMBC Aviation Capital - part of Sumitomo Mitsui Financial Group Inc, according to the people familiar with the matter.Awas, one of the world's biggest aircraft lessors and owned by British private equity firm Terra Firma, plans to seek second-round offers in late September with the hope of finalizing a deal by next month, the people said, asking not to be named because the matter is not public.The companies' interest underscores strong demand for aircraft assets from Asian buyers, at a time when the region has become the world's fastest-growing market as Asian airlines tap into the spending power of travelers.
ORIX CORPORATION is a financial company. The Corporate Financial Service segment is engaged in financing, leasing and financial instrument selling. Shares of IX remained unchanged at $77.28. In the past year, the shares have traded as low as $65.25 and as high as $92.35. On average, 17995 shares of IX exchange hands on a given day and today's volume is recorded at 0.
Sumitomo Mitsui Financial Group, Inc. (SMFG) is principally engaged in the operation of banking business. Shares of SMFG remained unchanged at $8.27. In the past year, the shares have traded as low as $7.59 and as high as $10.59. On average, 1106900 shares of SMFG exchange hands on a given day and today's volume is recorded at 0.
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