Tsinghua University PE unit acquires Hong Kong private jet business
Friday, November 28, 2014
(AVCJ by Winnie Liu) – Tsinghua Holdings Capital, a private equity fund ultimately controlled by an investment arm of Beijing's Tsinghua University, has acquired Hong Kong-based private jet company Sino Jet Management.
Financial terms were not disclosed. This is Tsinghua Holdings' second acquisition in business aviation services space after it bought a controlling stake in Beijing Bear Jet Aviation last year.
