PRINT THIS PAGE UK-based Terra Firma bids for WestLB's US aircraft leasing company Boullioun08/02/2005. Source: AltAssets. 
 UK-based buy-out group Terra Firma is one of four bidders left in the auction process for Boullioun, which is valued at up to E600m, the Financial Times reported. The German bank WestLB acquired the US aircraft leasing company four years ago from Deutsche Bank for $1.2bn.
The other bidders are Debis AirFinance, RBS Aviation Capital and Aviation Capital Group according to reports.
Last year several banks were forced to write down the value of their aircraft leasing operations because aircraft values had dropped. WestLB announced last year that it planned to dispose of non-core assets. The bank has already sold its interests in Pubmaster, Odeon cinemas and Boxclever.
Copyright © 2005 AltAssets
|
