An plane leasing firm backed by Oaktree Capital, the $200bn US funding large, is plotting a swoop on London-listed rival Avation.
Metropolis sources mentioned a variety of different events within the plane leasing sector had been additionally within the course of analyzing bids.
Singapore-based Avation manages a fleet of over 30 plane, with clients having included easyJet,Air Baltic and VietJet Air.
Its London-listed shares have a market capitalisation of simply over £120m.
On Wednesday morning, they had been buying and selling at round 173.3p, having risen by greater than a 3rd over the last yr.
Oaktree, which has property underneath administration of about $205bn, struck a deal to inject $350m into Azorra alongside the corporate’s administration staff in 2021.
The standing of Azorra’s takeover curiosity in Avation was unclear on Wednesday morning.
It is evaluation of a bid comes amid a flurry of consolidation elsewhere within the business plane leasing trade.
Oaktree declined to remark, whereas Avation has been contacted for remark.
