Mirae Asset Group, which acquired Asiana Airlines along with Hyundai Development Co. (HDC), will carry out the aircraft leasing project with the aim of launching it in the first half of next year.
According to industry sources on Dec. 20, Mirae Asset Daewoo, Mirae Asset Capital and other Mirae Asset Group affiliates are preparing to set up an aircraft leasing company in Singapore.
Mirae Asset Daewoo and others are in the process of reviewing a law to establish a corporation in Singapore and it is expected to take a total of more than three months from application to approval.
Industry sources say Mirae Asset Daewoo is seeking to enter the leasing industry in earnest after it was selected as the preferred bidder for Asiana Airlines by forming a consortium with HDC.
Mirae Asset is said to have been preparing for the leasing business even before it actually participated in the bidding for Asiana Airlines. This is to change the structure of the aircraft lease, which has a large share of the airline’s financial structure in terms of post-acquisition business normalization.