PRESS RELEASE
16 December 2025

PCC grants clearance to CL Financing Gold for aircraft asset purchase

On November 6, the Philippine Competition Commission (PCC) cleared CL Financing Gold Limited’s (CL Gold) proposed acquisition of certain aircraft assets from subsidiaries of Vmo Aircraft Leasing GP, LLC (Vmo Aircraft Leasing).

CL Gold, an exempted company incorporated under the laws of the Cayman Islands, entered into an agreement with Vmo Aircraft Leasing on June 27, 2025, to purchase aircraft assets. The acquiring group consists of global investment and asset management firms.

After interviews and consultations were conducted, the PCC’s Mergers and Acquisitions Office concluded that the transaction is unlikely to result in a substantial lessening of competition in the global dry leasing of aircraft. The parties hold minimal market shares, and the industry remains dynamic and competitive. The presence of sufficient existing players and the attractiveness of the market to new entrants ensure that competition will remain robust.

This clearance reinforces PCC’s role in ensuring that consolidation in specialized global industries, such as aviation leasing, proceeds without harming competition. The Commission continues to safeguard consumer welfare and promote a level playing field across diverse markets.

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REFERENCE:  
publicaffairs@phcc.gov.ph  
Public Affairs and Research Division
Communications and Knowledge Management Office
Philippine Competition Commission