Reuters quoted CK Asset (1113)'s General Manager Gerald Ma saying that if HNA Group will sell its stake in aircraft lessor Avolon Holdings, CK Asset will be interested in bidding. He added that CK Asset was also open to bulking up its aircraft leasing business, which accounts for 5 percent of its total revenue, he also emphasized that the company also has the ability. CK Asset’s debt-to-equity ratio is around 3% currently.

HNA sold a 30 percent stake in Avolon to Japanese financial services group Orix Corp last year. Orix had said in August that only 30 percent in Avolon was available for purchase. HNA had no further comment on the matter.

The aircraft leasing market is driven by the growing demand from budget airlines and the fact that 2000-4000 planes will be retiring globally by 2024, Ma added.

Among assets abroad, CK Asset is looking at office towers, utility assets and infrastructure that can be a recurring and long-term source of income. The company is exploring asset purchases in London, Ma said, adding it had bid for an office tower and an elderly care home but that the bids were unsuccessful.