Hong Kong Aviation Capital says its recent deals are part of an aggressive expansion strategy that will see the newly-launched consortium become one of the industry’s major players.

Hong Kong Aviation Capital (HKAC) today said it has closed nearly $1 billion worth of aircraft lease deals in the past six months.

The raft of deals is part of an aggressive expansion strategy that could see Allco Aviation merged into the recently-launched consortium if Bravia and its co investors successfully acquire the lessor after winning the bid.

Recent HKAC deals include a lease transaction with Hong Kong Airlines for three new A330-300s, which was financed by China Development Bank. The transaction is worth approximately $600 million at list prices, with deliveries scheduled for 2010 and 2011.

HKAC also closed a deal with Tianjin Airlines for ten new ERJ 190s, which was financed by China Ex-IM bank and worth approximately $380 million.

Bharat Bhise, CEO of Bravia and special advisor to HKAC, said the recent deals are just the beginning of a grand plan for the consortium: “Hong Kong Aviation Capital is already a major investor and financier in global aviation, and transactions we are announcing today are a sign of more to come.”

He said that partnerships with financial institutions with high levels of liquidity, coupled with the company’s aircraft management expertise, will enable HKAC to become a dominant player in the industry.

ABOUT HONG KONG AVIATION CAPITAL
Hong Kong Aviation Capital (“HKAC”) is a diversified player in the aviation industry. The firm invests in aircraft leases and financial instruments, and also provides aircraft management and consulting services. HKAC’s mission is to prudently invest in the global aviation sector for consistent and long-term returns, creating value for its investors and clients alike. HKAC has a highly capable team with skills and experience in both the financial industry and the management of aircraft assets.