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Bumper dividend from AirAsia to shareholders from leasing arm sale


Next move: Fernandes had earlier said that the sale of the budget carrier’s engineering and food businesses would be next following the disposal of its leasing unit Asia Aviation Capital Ltd.

Next move: Fernandes had earlier said that the sale of the budget carrier’s engineering and food businesses would be next following the disposal of its leasing unit Asia Aviation Capital Ltd.

PETALING JAYA: The dust has not settled on the disposal of budget carrier AirAsia Bhd ’s leasing unit Asia Aviation Capital Ltd (AAC) to BBAM Ltd Partnership for US$1.18bil (RM4.619bil), but analysts are already speculating a windfall for shareholders as huge as 60 sen to 70 sen a share.

Speculation was fuelled by the company’s announcement to the stock exchange that about RM2.6bil or 74.4% of the proceeds “shall be distributed as a special dividend with the quantum to be determined” after the monies have been received.

   

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