Goshawk Aviation to acquire Sky Aviation Leasing

July 1st 2018

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Hong Kong joint venture lessor, Goshawk Aviation Ltd, has agreed to acquire all outstanding shares of Dublin-headquartered Sky Aviation Leasing (SALI). Read More » The buyout should be concluded in the third quarter of the year subject regulatory approvals and the acceptance of the deal terms by all parties.

Goshawk Aviation is a 50/50 joint venture between two interrelated Hong Kong companies, NWS Holdings Ltd and Chow Tai Fook Enterprise Ltd. NWS Holdings Ltd is the infrastructure and services arm of listed conglomerate New World Development Company Ltd. Chow Tai Fook Enterprises is a majority owner of a prestigious Greater China jewelry company among other investments.

Following completion the US$3 billion SALI dcal, Goshawk will have a fleet of 183 aircraft valued at $9.1 billion. “The acquisition is set to deliver synergistic value to Goshawk as both companies focus on young and in-demand narrow body aircraft with long lease terms,” a NWS Holdings statement said.

Seventeen new lessees and six new countries will be added to Goshawk’s portfolio upon completion of the deal. It will expand the company’s airline lessee base to 65 airlines in 35 countries. Narrow aircraft will account for 77% of the expanded fleet.

Goshawk chairman and executive director of NWS Holdings Ltd, Brian Cheng, said the acquisition will propel Goshawk into the top ten lessor table in the world.

“This strategic move forms part of the plans of NWS Holdings to grow its aviation business as a major contributor to earnings. We are confident about the prospects of the aircraft leasing business and look forward to the disciplined growth of Goshawk in the years ahead,” Cheng said.