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

Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

MISC to strengthen financial discipline amid geopolitical challenges
Japan's Nikkei rallies to six-week high as oil eases on Iran optimism
China Evergrande founder pleads guilty to fraud in Shenzhen court
China's export engine stutters as Iran war chills global demand
Country Heights appoints Mohd Rizal as CEO
Sum Technology signs underwriting agreement for proposed ACE Market listing
Malaysia has fiscal room to support industries amid Iran war
Mixue Group posts strong results for 2025 on expanded store footprint
Bursa Malaysia extends gains at midday amid regional rally, cautious sentiment
Milolo gets nod from Bursa for LEAP Market listing

Others Also Read