# Aircraft Recycling International acquires Universal Asset Management

Aircraft Recycling International Ltd., a Hong Kong-based unit of China Aircraft Leasing Group, has acquired 100% of Universal Asset Management Inc., a Memphis-based aircraft recycling and repair company. The acquisition was announced on March 20, 2017.

- Type: Acquisition
- Announced: 2017-03-20
- Where: Memphis, Tennessee, United States
- Status: completed
- Products: aircraft disassembly and parts distribution
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Aircraft Recycling International Ltd.](https://endata.com/companies/22963.md) (acquirer)
- [China Aircraft Leasing Group Holdings Ltd.](https://endata.com/companies/22964.md) (investor)
- [Universal Asset Management Inc.](https://endata.com/companies/22965.md) (target)

## Sources

- [commercialappeal.com](https://www.commercialappeal.com/story/money/2017/03/20/aircraft-recycling-buys-universal-asset-management/99409826/), 2017-03-20: "China Aircraft bought 100 percent of the equity in Universal."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.