Aircraft Engine Lease Finance entered into the Stock Purchase Agreement to acquire 51% stake in Maleth Aero Limited from Frontier Services Group Limited (SEHK:500) for HKD 8.14 million on December 15, 2020. For the year ending December 31, 2019, Maleth Aero Limited reported revenues of HKD 115.4 million and net loss of HKD 4.4 million. Transaction is subject to parties receiving all necessary consents and approvals. Transaction is expected to complete in December 18, 2020. Aircraft Engine Lease Finance completed the acquisition of 51% stake in Maleth Aero Limited from Frontier Services Group Limited (SEHK:500) on December 15, 2020.