American aircraft investors bought the planes, which were both Gulfstream jets, according to the people and a business aviation database. The two Gulfstream jets Evergrande recently sold were its smaller aircraft. Pre-pandemic flight records for one of Evergrande’s Gulfstream jets show it flew regularly from Guangzhou and Hong Kong to other major cities including London, Los Angeles and Boston. The buyer was Earth Air, a company backed by private aviation investors that operates out of Los Angeles and owns two similar Gulfstream jets. Meanwhile, a 30-day grace period to make overdue payments totalling $148m on three other sets of Evergrande bonds ends 11 November, according to CreditSights.

Source: Wall Street Journal November 06, 2021 06:50 UTC