AirAsia values its leasing arm at RM4.1b
Airline also aims to attract an equity investor to Asia Aviation Capital by end-2016
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 analysts in the Aug 15 presentation, a copy of which was obtained by Reuters.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Changi Airport’s Q1 passenger movements surpass pre-pandemic levels
Toyota and Nissan pair up with Tencent and Baidu for China AI arms race
China's largest auto show displays all-electric future, local brands dominate
Toyota hits record annual output, sales on robust demand
Nissan, Mazda roll out new models for China as they aim for comeback
VinFast chief plans to invest US$1 billion more from his fortune in EV maker