A German bank asks the court to liquidate the arm of the Irish aircraft rental company

One of Germany’s biggest banks has asked the High Court in Dublin to liquidate an Ireland-based unit of Carlyle Aviation Partners, one of the world’s largest aircraft lessors.

The unit, Victoria Peak Aviation, was previously owned by Fly Leasing, which was acquired last August by Carlyle Aviation. This made Carlyle the sixth largest aircraft lessor in the world, with $10 billion in assets under management. In December, a subsidiary of Carlyle Aviation agreed to buy $4 billion worth of jets from AMCK.

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