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Asian Budget Airline AirAsia Expands In China With Henan Province Deal

Malaysia-based Asian budget airline operator AirAsia Berhad has signed a memorandum of understanding with state-owned financial institution China Everbright Group and an entity associated with the Henan government to establish a joint venture to operate a low-cost airline business based in Zhengzhou city, Henan province’s capital.

China Everbright, Catalyst Reaches $100M First Closing Of Joint Fund

China Everbright Limited (CEL) and Israeli investment firm, Catalyst Private Equity Management Ltd., have reached a US$100 million first closing of a joint private equity fund to invest in Israeli companies, according to media reports. CEL committed US$75 million as seed capital to the joint private equity fund. The fund’s target is to raise US$200 million. It has the option to increase up to US$300 million. The fund will primarily invest in mid-to-late stage Israeli companies with proven innovation and …