Lenders are blocking the sale it seems. Something else is brewing perhaps, maybe the banks can smell a resurrection for the company as the global economy improves.
Lenders hold key to Allco sale
08 May 2009
Lenders to Allco need to know more about Bravia Capital and HNA’s plans before they will approve the sale
Keywords (click to search): [Allco] [HNA] [Bravia Capital] [Alliance & Leicester] [Lloyds TSB]
Lenders to Allco Aviation say the sale of the aviation portfolio to Bravia Capital and HNA is not certain.
Allco’s administrators Ferrier Hodgson announced that consortium had been chosen earlier this week, but the lessor’s financiers still need to approve the deal.“Whatever they say, Ferrier Hodgson only had a company to sell because we let them,” says one lender. “We have the right...
[Source: Airfinance Journal]
allco assets take off, page-6
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