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Bravia’s Bhise on Allco and Hong Kong Aviation
08 July 2009
Bravia and HNA Group have big plans for Hong Kong Aviation. Bharat Bhise, CEO of Bravia Capital Partners, says the acquisition of Allco Aviation is just the start.
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Bravia Capital
HNA Group
Hong Kong Aviation
Bharat Bhise
Allco Aviation
David Veal
Bharat Bhise seems surprised. Not frustrated, not angry, just surprised.
The head of Bravia Capital who advised HNA Group, the Chinese transportation firm, on its bid for the Australian leasing company Allco Aviation, simply cannot understand why it has attracted so much attention or been so controversial.
“We see it as a win-win for everyone,” says Bhise. “The creditors of Allco Finance Group get a sizeable proportion of their money back, probably more than they expected. The economic interests of the senior and other subordinated aircraft lenders are fully aligned with us especially as we are investing in junior positions and aircraft residuals. We are particularly motivated to manage the aircraft well as we will not see a return on our investment until senior and junior lenders are repaid in full. We have also said that we are prepared to pay lenders down once the deal has closed. ”
Bhise says...
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