Jet Asia selling last private jet

Jet Asia Ltd is selling its last airplane from a group of six private jet aircraft.
SJM Holdings Ltd said in a filing with the Hong Kong Stock Exchange that one of its subsidiaries (Sky Reach) is paying Credit Suisse AG US$4.5 million (36 million patacas) to exercise an early buy option in order to place Jet Asia in a position to sell the airplane.
Jet Asia is owned by Stanley Ho Hung Sun’s Sociedade de Turismo e Diversões de Macau (STDM) SA, one of the controlling shareholders of SJM.
The sales began in 2013 with the deal involving the first two airplanes to be completed by August that year. In September 2013, the company sold another two aircraft. In the first month of this year another plane was sold. Now, the private aviation operation is about to complete the sale of the sixth aircraft.