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Bravia confident it will win fight for Allco
19 August 2009
Bravia Capital Partners CEO, Bharat Bhise, is confident that preferred bidders, Bravia/HNA, will win the right to control Allco Aviation in the next two months.
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Allco
Bravia
HNA Group
Bharat Bhise
The battle to manage Allco's aircraft portfolio is a lawyers delight. The fees must be rolling in as the preferred bidders, Bravia Capital Partners and HNA Group, and the receiver Ferrier Hodgeson, fight the lenders and Australian aircraft lessor Macquarie, to purchase Allco Aviation.
Bravia and HNA have spent the last two weeks meeting with banks in Europe and Asia to get their approval to manage Allco's portfolio of 68 aircraft, according to Bharat Bhise, CEO, Bravia Capital Partners. He is expecting to close the deal in the next two months. "We have put together a...
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