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Li Ka-shing to exit jet-leasing business in $4.3bn deal

CK Asset cites 'volatile and unpredictable' returns amid COVID

Malaysia Airlines is one of a number of AMCK Aviation customers facing financial distress. 

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.

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