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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

Scomi Eng sells industrial complex to Axis REIT

KUALA LUMPUR: Scomi Engineering Bhd (SEB) has sold a parcel of industrial in Sungai Choh, Selangor, and the complex on it to Axis Real Estate Investment Trust (Reit) trustee, RHB Trustees Bhd, for RM42mil and will lease back the properties.

Business

RM61bil orders by AirAsia

AIRASIA never fails to excite at all these big air shows by placing a big aircraft order. It did it again at the Farnborough International Airshow this week with a 100 aircraft order and 200 engines order, both costing a whopping RM61bil at list prices.

Business

AirAsia signs US$1bil pact with China's ICBC

KUALA LUMPUR: AirAsia Bhd and ICBC Financial Leasing Co Ltd have signed a memorandum of agreement (MoA) for aircraft financing facilities worth US$1bil (RM3.18bil).

Business

New serviced residences in i-City

THE new serviced residences project i-Suite @ i-City in Shah Alam was unveiled with a flourish of elegance and charm last month by the 60 contestants of the Miss Tourism International 2013 pageant.

Business

Boutique lifestyle projects a natural progression for 3 industry captains

THE coming together of three industry captains in different areas of expertise has given birth to a new lifestyle boutique property development company, Senja Aman Development Sdn Bhd, to venture into lifestyle development projects around the country.

Business

AirAsia X may need more funds, say analysts

AIRASIA X may need to get more capital to the tune of RM200mil to RM300mil in the near term to give it breathing space as its operation is restructured, say analysts.

Business

MEGB moves to become asset light company

PETALING JAYA: Masterskill Education Group Bhd (MEGB) has announced the disposal of its assets as several blocks of shares changed hands in the education group.

Business

News in brief

News briefs on: Texchem Resouurces, Ebwork, KPJ Healthcare and Aeon Co (M) Bhd.

Business

Residential unit sales picking up

SUNWAY City Bhd (SunCity) is confident of performing well this year with the return of buying interest in the property market, especially for residential properties, said chairman Tan Sri Jeffrey Cheah.