AirAsia Group CEO says good interest in leasing unit sale

AirAsia plane

AMSTERDAM: Asia’s biggest budget airline AirAsia Bhd is seeing good interest in the sale of its leasing arm, Asia Aviation Capital (AAC), AirAsia Group’s chief executive Tan Sri Tony Fernandes said on Thursday.

“The information memo went out, and quite a few NDAs (non-disclosure agreements) came back, so there seems to be good interest,” he said on the sidelines of a CAPA-ACTE aviation summit in Amsterdam.

AirAsia said in August it was considering options for its leasing arm, which it values at around US$1bil (RM4.2bil), including a potential sale.

Fernandes also said he wanted AirAsia X, the long-haul affliate of the AirAsia Group, to expand into new long-haul destinations in Europe, the United States and Africa.

“In my view as a shareholder, it’s time to put the foot on the pedal,” he said. - Reuters