The Philippine Competition Commission (PCC) said it has cleared CL Financing Gold Limited’s proposed acquisition of specific aircraft assets from subsidiaries of Vmo Aircraft Leasing GP LLC, finding the transaction unlikely to substantially lessen competition.
The PCC issued the clearance on Nov. 6, 2025, after its Mergers and Acquisitions Office (MAO) concluded that the deal posed no threat to the global dry leasing of aircraft market. The MAO’s finding was based on interviews and consultations, noting the involved parties hold minimal market shares.
CL Financing Gold, an exempted company incorporated in the Cayman Islands and part of a group composed of global investment and asset management firms, signed the purchase agreement with Vmo Aircraft Leasing on June 27, 2025.
The PCC said the industry remains dynamic, with sufficient existing players and strong prospects for new entrants.
The clearance ensures that consolidation in specialized global industries, including aviation leasing, does not harm competition, while safeguarding consumer welfare and maintaining a level playing field.
 clears CL Financing Gold Limited's acquisition of aircraft assets from Vmo Aircraft Leasing, determining the deal will not substantially lessen competition in the global dry leasing market.){kind=link}