AirAsia nets RM240mil from Fly Leasing-Carlyle Aviation merger

KUALA LUMPUR (Bernama) -- AirAsia Group Bhd (AAGB) has gained gross proceeds of US$56.83mil (RM240mil) from the merger between Fly Leasing Ltd and Carlyle Aviation Partners.

In a statement today, the low-cost airline said it had acquired 3.33 million of Fly Leasing’s shares on Aug 30, 2018 as part of a cash-in-kind consideration for the earlier divestment of AAGB’s aircraft leasing operations undertaken by Asia Aviation Capital Ltd to entities managed by BBAM Ltd Partnership.