Evergrande’s liquidators are trying to sell an Airbus private jet that belonged to the collapsed property developer’s founder, as they attempt to salvage some returns for the overseas investors that bought billions of dollars of the company’s bonds.
Alvarez & Marsal specialists Edward Middleton and Tiffany Wong, who were appointed to liquidate Evergrande’s Hong Kong-listed holding company in January, have taken control of the offshore entity that bought Hui Ka Yan’s jet and have put the jet up for sale, three people with knowledge of the matter said.
The plane, a business jet variant of the Airbus A319 which is the size of a commercial passenger jet, is in Guangzhou in southern China, according to flight records and two people with knowledge of the matter.