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Japan's Orix rejects taking over aircraft leasing JV with HNA

Avolon seen as candidate for sale by cash-strapped Chinese conglomerate

Orix of Japan and HNA of China are joint venture partners in Dublin-based Avolon (Nikkei montage/Source photos by Reuters) 

HONG KONG -- Japanese financial group Orix has quashed speculation that it could increase its stake in Avolon Holdings, the aircraft leasing business where it is a minority owner alongside HNA Group, the cash-strapped Chinese conglomerate.

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