a joint venture between listed portion (NWS Holdings) and the unlisted portion of Chow Tai Fook Enterprises. NWS Transport Services also owned New World First Bus and New World First Ferry. In December 2016, NWS Holdings acquired the remaining 50% share of NWS Transport Services from parent company Chow Tai Fook Enterprises, floating the bus businesses indirectly on the stock exchange. The price was HK$1.38 billion. Goshawk Aviation Goshawk Aviation was a 50–50 joint venture of Chow Tai Fook Enterprises and associate company NWS Holdings. In June 2018, Goshawk Aviation acquired Irish-based Sky Aviation Leasing International, an aviation leasing company. The company also ordered 20 A320neo from Airbus in July 2018. In a separate deal, Goshawk Aviation ordered 20 Boeing 737 MAXs. The combined price of the two deals was estimated at US$4.5 billion. Brian Cheng, son of Henry Cheng and grandson of Cheng Yu-tung, is the chairman of Goshawk Aviation. Hotel divisions On top of New World Development's investments in hotel properties and hotel management, Chow Tai Fook Enterprises (CTFE) also made direct investments in these areas. In 1990, Chow Tai Fook Enterprises partnered with associate company New World Development to privatize New World Hotels (Holdings), a sub-holding listed company of New World Development in the hotel business. Chow Tai Fook Enterprises owned a 36% stake (indirectly, via Beames Holdings) in New World Hotels (Holdings) after the deal, while New World Development owned the remaining 64% indirectly. In July 1997, some of the hotels from the former New World Hotels (Holdings) portfolio were sold by New World Development to CTF Holdings, which was owned by Henry Cheng and his employee and brother-in-law William Doo Wai-hoi at that time. As of 2018, CTF Holdings is a wholly-owned subsidiary of Chow Tai Fook Enterprises. However, CTFE's 36% stake in Beames Holdings (and its subsidiaries such as New World Hotels (Holdings)) was sold back to New World Development in November 2015. Two hotels from the former New World Hotels (Holdings), the Grand Hyatt Hong Kong and Renaissance Harbour View, changed ownership from Beames Holdings to New World Development (via Beames Holdings) and Abu Dhabi Investment Authority in a 50–50 split in April 2015. In July 2015, New World China Land, another second-tier listed subsidiary of Chow Tai Fook Enterprises, sold the hotel management unit Rosewood Hotel Group to Chow Tai Fook Enterprises. Rosewood Hotel Group owned three brands: penta, New World, and