Citi trying to sell Allco Aviation

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06 January 2009

Citi has been mandated to arrange the sale of Australian aircraft leasing company Allco Aviation and has sent out a brief document outlining the lessor's portfolio to encourage bidders. Allco Finance Group went into administration in November 2008.

The aircraft leasing business consists of 68 aircraft, of which it owns 31, valued at just over $3.1 billion. This has been financed by extensive...

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