AirAsia values its leasing arm at RM4.1b

Singapore

AIRASIA Bhd, Asia's biggest low-cost airline, values its wholly owned leasing arm at RM4.1 billion (S$1.4 billion), and aims to attract an equity investor to the unit by end-2016, it said in a presentation to analysts.

The Malaysian airline aims for its Asia Aviation Capital (AAC) to expand its portfolio to about 200 aircraft in five years from the current 55, AirAsia told anal…