AirAsia planes seen here on the KLIA tarmac. – Reuters
SINGAPORE: US private investment firm Castlelake LP has struck a deal to buy a portfolio of about 30 narrowbody planes from AirAsia Group Bhd for a total price of roughly US$800mil (RM3.33bil), sources said.
The deal underscores the strong appetite of funds to invest in the global aircraft leasing sector, which is benefiting from growing demand on the back of a rise in low-cost carriers and passenger traffic.
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