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AirAsia values its leasing arm at RM4.1b

Airline also aims to attract an equity investor to Asia Aviation Capital by end-2016

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CLOSE LOOK: AirAsia aims for AAC to expand its portfolio to about 200 aircraft in five years from the current 55, it told analysts in a presentation on Aug 15 .

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