BlackRock fund hedges aviation bet with freighters
Aviation Holdings III, a pooled private equity fund from BlackRock, is diversifying its portfolio with an order for three 737-800SF freighter conversions from Aeronautical Engineers Inc. (AEI) and the acquisition of three 747-400Fs [FATs 005405-5409]. Although BlackRock’s previous aviation funds have held freighters, the current weakness of the passenger market brought about by the COVID-19 […]
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