[SINGAPORE] Tony Fernandes, chief executive officer of low-cost carrier AirAsia Bhd, plans to sell the Caterham group of automotive and engineering companies, The Edge Malaysia reported.

The 50-year-old Malaysian businessman is seeking about £350 million (S$ 738 million) for the assets that include UK sports car manufacturer Caterham Cars Ltd and the Caterham Formula One Team, the newspaper said, citing a person it did not identify.

An information memorandum on the sale is being circulated in the Middle East, The Edge reported. Mr Fernandes did not respond to a call and a text message to his mobile phone, as well as an e-mail, seeking comment.