AirAsia upbeat about concluding Asia Aviation deal by this year

We are urging Asean Governments to relax ownership restrictions and consider Asean investors as equivalent to local investors,

KUALA LUMPUR: AirAsia Bhd is not in a hurry to dispose of its leasing arm Asia Aviation Capital Ltd, which has been valued at US$1bil (RM4.46bil), but it is optimistic of concluding the deal by this year.

Group chief executive officer Tan Sri Tony Fernandes said: “We have maintained our position that we are going to sell it, but we do not want to be burdened with extra costs.”