HONG KONG -- Hong Kong tycoon Li Ka-shing and his son Victor have agreed to sell the jet-leasing business built up over the last seven years to an investment vehicle managed by private equity company Carlyle Group for $4.28 billion.
The business, now known as AMCK Aviation, is mostly controlled by Hong Kong-listed CK Asset Holdings while the charitable Li Ka Shing Foundation also has a small stake. Victor Li serves as chairman of CK Asset and deputy chairman of the foundation.
