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Business

AirAsia sells 25 aircraft for RM3.22bil

PETALING JAYA: AirAsia Group Bhd is disposing of 25 aircraft to US private investment firm Castlelake LP in a deal worth US$768mil (RM3.22bil).

Business

US fund Castlelake to buy planes from AirAsia in RM3.3bil deal

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.

Business

US fund Castlelake to buy 30 planes from AirAsia in RM3.34b deal

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 (RM3.34bil), people familiar with the transaction said.

Business

AirAsia declares bumper dividend

PETALING JAYA: Low-cost carrier AirAsia Group Bhd has declared a bumper special dividend of 40 sen a share as its net profit soared 81.2% in the third quarter ended Sept 30, burnished by the proceeds from the sale of a unit to Expedia Inc

Business

AirAsia declares 40 sen dividend a share after Q3 FY18 net profit surges

KUALA LUMPUR: Low-cost carrier AirAsia Bhd declared an special dividend of 40 sen a share as its net profit jumped 81.2% in the third quarter ended Sept 30, 2018. The dividend will go ex on Dec 12.

Business

Windfall for AirAsia investors? Share rises 13.8%

PETALING JAYA: In just three days, the share price of AirAsia Bhd rose 36 sen or 13.8% on talks that the airline has received the proceeds from the sale of its aircraft leasing unit. The share price rose from RM2.60 a share three days ago to close yesterday at RM2.96.

World

Sunk costs: Airports taking action against rising seas, storms as climate changes

SINGAPORE (Reuters) - Global airport operators, faced with rising sea levels and more powerful storms as the climate changes, are starting to invest in measures including higher runways, seawalls and better drainage systems to future-proof immovable assets.

Business

Trading ideas: FGV, Marine & General, Vertice, Vizione, DBE Gurney, AirAsia

KUALA LUMPUR: FGV Holdings Bhd, Marine & General Bhd, Vertice Bhd, Vizione Holdings Bhd, DBE Gurney Resources Bhd and AirAsia Group Bhd are among the stocks to watch, according to JF Apex Research.

Business

Thai budget carriers’ losses mount, shares tumble

BANGKOK: Thailand’s low-cost carriers saw share prices falling nearly 7% in morning trade in Bangkok on Friday after they reported losses due to tough competition and higher fuel costs.

Business

AirAsia delivers best quarterly net profit

PETALING JAYA: AirAsia Group Bhd delivered its best quarterly net profit ever, as passenger traffic grew 16% to 10.65 million in the first three months of the year.