Today news
About the same in other media
18.11 - 15:21
Cash-strapped China Evergrande is offloading its private jets to US investors
Reading now: 409
fnlondon.comSINGAPORE — China Evergrande Group raised more than $50m last month by selling two of its private jets, according to people familiar with the matter, bringing in much needed cash to help avert a default on its US dollar debt.
American aircraft investors bought the planes, which were both Gulfstream jets, according to the people and a business aviation database. The sales closed in October, the same month that Evergrande made two overdue bond-coupon payments shortly before 30-day grace periods on them expired.
Shenzhen-based...
Read more on fnlondon.comAbout this in other media
Evergrande default is highly likely, S&P says cnbc.com /3 years ago
Evergrande shares slip after deal to raise $273 million in a business sale cnbc.com /3 years ago
JP Morgan chief skips quarantine as he jets into Hong Kong theguardian.com /3 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
