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Budget carriers now eye aircraft-leasing business

They set sights on new revenue stream after having ordered record numbers of planes

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AirAsia started a leasing unit last month, aiming to form a venture with a leasing investor. The unit is expected to lease jets both to affiliated airlines and externally.

Paris

FROM Scandinavia to South-east Asia, low-cost airlines have ordered record numbers of planes in recent years, redefining the jet industry. Now they plan to lease out scores of their new planes, re-ordering the aviation business all over again.

Between them, Indonesia's Lion

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