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KTB Investment inks US$86m deal to buy A330 from Chinese lessor
By 박한나Published : Aug. 29, 2016 - 11:39
[THE INVESTOR] KTB Investment & Securities has signed a deal worth US$85.6 million with a Chinese aircraft leasing company to buy an Airbus wide body plane which is being leased by Singapore Airlines in a bid to expand its alternative investment portfolio, the South Korean brokerage said on Aug. 29.
The deal comes as the security firm’s Vice Chairman Lee Byung-chul and CEO Choi Suk-jong pledged to find new revenue streams from investment banking market such as real estate financing and alternative investment in July.
By Park Han-na (hnpark@heraldcorp.com)
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