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Terra Firma’s Awas plans $13bn breakup

30 Jul 2014

awasPrivate equity-backed aircraft leasing business Awas is reportedly working on a break-up that could value it at around $13bn.

Awas, which is backed by Guy Hands’ private equity firm Terra Firma, is currently in talks to sell a portfolio of around 100 newer aircraft that could be valued at around $5bn, people familiar with the matter told Reuters.

The company also plans to float the rest of its portfolio which consists of older planes and could be worth roughly $8bn on a stock exchange, said the people.

The sale process is currently in early stages and bids for the portfolio of newer aircraft are due in August.

Earlier this year it was reported that Terra Firma hired Goldman Sachs and Deutsche Bank to advise on a sale or listing of Awas.

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