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 $1.1 million on December 15, 2020. As of June 30, 2020, Maleth had net assets value of HKD 10.8 million ( $1.4 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 comleted the acquisition of 51% stake in Maleth Aero Limited from Frontier Services Group Limited (SEHK:500) on January 27, 2021.