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Jul 21, 2015 20:54 JST

Source: HNA Group International Co. Ltd.

Hong Kong International Aviation Leasing Company Acquired Grayrentals Plc to Complement Current Leasing Services

HONG KONG, Jul 21, 2015 - (ACN Newswire) - HNA Group (International) Company Limited(HNAI) today announced its associate, Hong Kong International Aviation Leasing Company Limited (HKIAL), has completed the acquisition of Grayrentals Plc. HKIAL is one of the leading leasing companies in Hong Kong. The acquired company Grayrentals, which is the 6th largest trailer leasing company in UK, provides trailer leasing, rental, maintenance and other value-added solutions to transportation and logistics customers in the UK. Headquartered in Hull, Grayrentals owns and manages approximately 3,000 units with a diversified customer base.

"The acquisition of Grayrentals into our portfolio is a good strategic fit, complementing our existing investments in trailer leasing and services across Europe with TIP Trailer Services, and HNAI's investments in world-wide aircraft leasing, marine container leasing and ship leasing," said Wang Hao, President of HNAI and Chairman of HKIAL.

Mr. Wang added "as HNA Group's international headquarters and strategic platform for offshore investment, financing and control work, we continue to strengthen our transportation finance and services capabilities internationally, and we intend to grow Grayrentals during the coming years supported by the existing management team."

Contact:
HNA Group (International) Company Limited
Ms. Abby LEE   Tel:  (852) 3196 0956   Email: abby.cmlee@hnair.com  

Strategic Financial Relations (China) Limited
Ms. Karen HUNG   Tel:  (852) 2864 4845   Email: karen.hung@sprg.com.hk 
Ms. Ada LEUNG    Tel:  (852) 2114 4967   Email: ada.leung@sprg.com.hk
Source: HNA Group International Co. Ltd.
Sectors: Daily Finance

Copyright ©2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

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