• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Genting HK unit agrees to buy an aircraft

Dec 22, 2015 Newsdesk Latest News, Top of the deck, World  


Genting HK unit agrees to buy an aircraft

Genting Hong Kong Ltd says a deal between connected companies will see the purchase of an Airbus ACJ319 aircraft (a type pictured in file photograph).

The group added in a filing to the Hong Kong Stock Exchange that the deal was in relation to its luxury cruise and travel business “primarily in the name of Crystal Cruises”.

The group in March agreed to acquire U.S.-based Crystal Cruises Inc and its subsidiaries for a total consideration of US$550 million. Genting Hong Kong – part of Malaysian conglomerate Genting Bhd – owns and runs Star Cruises, an operator of casino cruise ships in the Asia-Pacific region.

Genting Hong Kong is also major shareholder in Norwegian Cruise Line, and is a substantial shareholder in Philippines-based Travellers International Hotel Group Inc, owner and operator of the Resorts World Manila casino property.

Genting Hong Kong said the group’s purchase of the aircraft – for a consideration of US$23 million – was by Crystal Luxury Airbus Holdings Ltd, an indirect wholly-owned subsidiary, from Genting Singapore Aviation III Ltd, a wholly-owned subsidiary of Singapore casino operator Genting Singapore Plc, also controlled by Genting Bhd.

Genting Hong Kong said the transaction would “allow the group to expand its aircraft fleet for Crystal and more importantly support its cruise and yacht itineraries, luxury air travel product, Crystal Luxury Air Cruises, which is to be launched.”

The Airbus ACJ319 type is a corporate jet version of the A319 civil transport airliner. It typically seats between 19 and 50 passengers and has a range of 11,100 kilometres (6,900 miles) according to the Airbus corporate website.


  • tweet
Related articles
  • Genting HK terminates sale-leaseback deal on cruise vessel
    Genting HK terminates sale-leaseback...

    Jan 04, 2021  

  • Genting HK to sell 50pct stake in Macau hotel project
    Genting HK to sell 50pct stake in Macau...

    Nov 11, 2020  

More news
  • CNY 2021 unlikely to boost Macau casinos, say observers
    CNY 2021 unlikely to boost Macau...

    Jan 15, 2021  

  • Mass market play record 65pct Macau GGR in 4Q: govt
    Mass market play record 65pct Macau GGR...

    Jan 15, 2021  


Latest News

CNY 2021 unlikely to boost Macau casinos, say observers

CNY 2021 unlikely to boost Macau casinos, say observers

Jan 15, 2021  

Recent advisory notices issued by a number of local authorities in mainland China, calling on residents not to travel during the February Chinese New Year (CNY) break, further clouds the prospects...
Read More
Mass market play record 65pct Macau GGR in 4Q: govt

Mass market play record 65pct Macau GGR in 4Q: govt

Jan 15, 2021  

Malaysia Covid outlook negative to Genting Bhd: Moody’s

Malaysia Covid outlook negative to Genting Bhd: Moody’s

Jan 15, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day

“We expect Las Vegas Sands to not have any material change in strategy. The focus remains developing Macau and Singapore”

Vitaly Umansky, Kelsey Zhu and Tianjiao Yu

Analysts at brokerage Sanford C. Bernstein



Most Popular

  • Sheldon Adelson, self-declared casino industry iconoclastSheldon Adelson, self-declared casino industry iconoclast January 13, 2021
  • Casino entrepreneur Sheldon Adelson dies aged 87Casino entrepreneur Sheldon Adelson dies aged 87 January 12, 2021
  • Guangdong govt advises public to stay in province for CNYGuangdong govt advises public to stay in province for CNY January 11, 2021
  • Quality fake chips sold online found at Macau casinoQuality fake chips sold online found at Macau casino January 13, 2021
  • Revamped Nüwa hotel reopens Feb 8, says City of DreamsRevamped Nüwa hotel reopens Feb 8, says City of Dreams January 12, 2021
Copyright 2014-2020 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us