Report: AirAsia to seek bids for leasing unit

KUALA LUMPUR: AirAsia, the region’s biggest low cost carrier, has started gauging interest from potential bidders for leasing unit Asia Aviation Capital Sdn Bhd, according to people familiar with the matter.

AirAsia began sending basic information on the business to interested parties last Friday and asked for first round bids by mid-November, the people said, asking not to be identified because the information is private. AirAsia is reaching out to potential buyers including China Merchants Bank, BOC Aviation, Ping An Insurance and Japan’s Sumitomo Mitsui Financial Group.