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http://www.thesheet.com/nl05_news_selected.php?act=2&selkey=7623
Allco Finance Group may have equity of $150 million in its Allco Aircraft subsidiary that is now for sale, the Financial Review reported.
In its Street Talk column the AFR reported that information documents circulated by Citigroup on behalf of the administrators of Allco show the subsidiary has assets of $3.1 billion and debt of $2.95 billion.
Loan to valuation ratios on the aircraft in the portfolio range from 70 per cent to 125 per cent the newspaper reported.
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