Analysts positive on AirAsia aircraft sale


ISG executive director Datuk Azmi Murad said the airport had been in constant talks with Malaysia Airlines and AirAsia to consider the ISG for its Istanbul route.

PETALING JAYA: Analysts remain positive on AirAsia Group Bhd’s de-gearing move as it proposes to dispose 25 aircraft for US$768mil (RM3.22bil), which will likely result in another round of special dividend.

In addition, the disposal will further strengthen the group’s net cash position, which shall in turn assist AirAsia’s digitalisation efforts and aid any required investments.

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