Aircraft firm mulls over break-up plan

Awas, the aircraft leasing company owned by British private equity firm Terra Firma, is working on a break-up that could value the Dublin-based lessor at roughly $13bn (€9.7bn).

Awas is in talks with potential bidders to sell a portfolio of about 100 newer aircraft that could fetch a sale price of roughly $5bn, sources said yesterday, asking not to be named because the matter is not public.

Separately, the company plans to take public the remaining aircraft portfolio — consisted of older planes. An initial public offering could value the second portfolio of aircraft at around $8bn, they added.